Shares of Newalta Co. (TSE:NAL) have received an average recommendation of “Hold” from the eight ratings firms that are covering the stock. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$2.70.
NAL has been the subject of several analyst reports. Scotiabank reissued an “outperform” rating and set a C$5.00 price target on shares of Newalta in a report on Friday, August 5th. TD Securities restated a “hold” rating and set a C$2.50 target price on shares of Newalta in a research report on Thursday, August 4th. GMP Securities lowered shares of Newalta from a “hold” rating to a “reduce” rating in a research report on Friday, August 5th. Canaccord Genuity upped their target price on shares of Newalta to C$3.50 and gave the stock a “speculative buy” rating in a research report on Saturday, August 6th. Finally, National Bank Financial lowered shares of Newalta from an “outperform” rating to a “sector perform” rating and set a C$2.00 target price on the stock. in a research report on Thursday, November 10th.