Trade Report: The TransAlta Renewables’ (RNW) “Sector Perform” Rating Reiterate at Royal Bank Of Canada

The TransAlta Renewables’ (RNW) “Sector Perform” Rating Reiterate at Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of TransAlta Renewables Inc (TSE:RNW) in a research note issued to investors on Tuesday, StockTargetPrices.com reports.

A number of other equities research analysts have also recently weighed in on RNW. Desjardins reiterated a hold rating and issued a C$13.75 price objective on shares of TransAlta Renewables in a research note on Wednesday, August 10th. Raymond James Financial Inc. cut their price target on TransAlta Renewables from C$15.25 to C$14.50 and set an outperform rating for the company in a research note on Wednesday, August 10th. RBC Capital Markets upped their price target on TransAlta Renewables from C$13.00 to C$15.00 and gave the stock an outperform rating in a research note on Wednesday, August 10th. Scotiabank restated a sector perform rating and set a C$13.50 price target on shares of TransAlta Renewables in a research note on Wednesday, August 10th. Finally, TD Securities upped their price target on TransAlta Renewables from C$14.00 to C$15.00 and gave the stock a buy rating in a research note on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of C$14.75.

Shares of TransAlta Renewables (TSE:RNW) opened at 13.81 on Tuesday. The firm has a market cap of $3.09 billion and a PE ratio of 37.63. TransAlta Renewables has a 52 week low of $8.99 and a 52 week high of $15.09. The firm’s 50-day moving average is $14.12 and its 200 day moving average is $13.83.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 30th will be given a $0.0733 dividend. This represents a $0.88 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Friday, October 28th.

TransAlta Renewables Company Profile

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