TransAlta Renewables (OTCMKTS:TRSWF) Price Target Cut to C$18.50 by Analysts at National Bank Financial

TransAlta Renewables (OTCMKTS:TRSWF) had its price target decreased by National Bank Financial from C$19.00 to C$18.50 in a research note issued to investors on Wednesday, The Fly reports.

Several other equities analysts have also commented on TRSWF. Credit Suisse Group decreased their target price on shares of TransAlta Renewables from C$21.00 to C$20.00 and set a neutral rating on the stock in a report on Monday, November 1st. Raymond James decreased their price target on shares of TransAlta Renewables from C$20.50 to C$19.00 in a report on Wednesday. TD Securities reduced their target price on shares of TransAlta Renewables from C$19.50 to C$18.00 in a report on Wednesday. Royal Bank of Canada raised shares of TransAlta Renewables from a sector perform rating to an outperform rating in a report on Wednesday. Finally, Scotiabank reduced their target price on shares of TransAlta Renewables from C$20.00 to C$19.00 in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, TransAlta Renewables currently has an average rating of Hold and a consensus target price of $19.50.

Shares of TransAlta Renewables stock opened at $13.17 on Wednesday. TransAlta Renewables has a twelve month low of $12.52 and a twelve month high of $18.00. The company has a 50-day simple moving average of $14.59 and a two-hundred day simple moving average of $15.57.

About TransAlta Renewables

TransAlta Renewables, Inc engages in the acquisition of renewable power generation facilities in operation or under construction. It operates through the following segments: Canadian Wind, Canadian Hydro and Canadian Gas. The Canadian Wind segment includes the result of the Le Nordais facility. The Canadian Hydro segment comprises of the outcome of the Ragged Chute facility.

Further Reading: Asset Allocation

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Analyst Recommendations for TransAlta Renewables (OTCMKTS:TRSWF)

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