Brookfield Renewable Co. (TSE:BEPC – Get Free Report)’s stock price shot up 0.1% on Thursday. The company traded as high as C$42.16 and last traded at C$41.38. 367,505 shares traded hands during trading, an increase of 13% from the average daily volume of 325,307 shares. The stock had previously closed at C$41.35.
Analyst Upgrades and Downgrades
Separately, Desjardins increased their target price on Brookfield Renewable from C$48.00 to C$49.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$49.00.
Check Out Our Latest Stock Analysis on Brookfield Renewable
Brookfield Renewable Trading Down 1.7%
The firm’s fifty day simple moving average is C$42.09 and its 200 day simple moving average is C$50.46. The stock has a market capitalization of C$7.55 billion, a P/E ratio of -1.91, a price-to-earnings-growth ratio of 0.84 and a beta of 1.10. The company has a debt-to-equity ratio of -464.91, a quick ratio of 0.18 and a current ratio of 0.40.
Brookfield Renewable (TSE:BEPC – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported C($2.95) earnings per share for the quarter. The firm had revenue of C$1.69 billion for the quarter. Brookfield Renewable had a positive return on equity of 257.80% and a negative net margin of 110.51%. As a group, equities research analysts forecast that Brookfield Renewable Co. will post 2.85 EPS for the current fiscal year.
About Brookfield Renewable
Brookfield operates Brookfield Renewable Partners (NYSE: BEP, BEPC TSX: BEP.UN, BEPC), one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.
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