Royal Bank of Canada Cuts TransAlta Renewables (OTCMKTS:TRSWF) Price Target to C$20.00

TransAlta Renewables (OTCMKTS:TRSWFGet Rating) had its price objective cut by Royal Bank of Canada from C$21.00 to C$20.00 in a report released on Thursday morning, The Fly reports.

A number of other research firms also recently weighed in on TRSWF. CIBC cut their target price on TransAlta Renewables from C$20.50 to C$20.00 in a research report on Tuesday, January 11th. TD Securities upped their target price on TransAlta Renewables from C$18.00 to C$18.50 in a research report on Thursday. Raymond James cut their target price on TransAlta Renewables from C$20.50 to C$19.00 in a research report on Wednesday, January 12th. Scotiabank cut their target price on TransAlta Renewables from C$19.00 to C$18.50 in a research report on Thursday, January 27th. Finally, National Bank Financial upped their target price on TransAlta Renewables from C$18.50 to C$19.00 in a research report on Thursday, April 28th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $19.25.

Shares of OTCMKTS TRSWF opened at $13.68 on Thursday. The stock has a 50 day simple moving average of $14.44 and a 200-day simple moving average of $14.34. TransAlta Renewables has a 12-month low of $12.52 and a 12-month high of $18.00.

About TransAlta Renewables (Get Rating)

TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. The company operates through Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas segments. As of February 24, 2022, it owned and operated 26 wind facilities, 13 hydroelectric facilities, 8 natural gas generation facilities, 2 solar facilities, 1 natural gas pipeline, and 1 battery storage project comprising 2,968 megawatts of net generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, New Brunswick, the States of Pennsylvania, New Hampshire, Wyoming, Massachusetts, Michigan, Minnesota, Washington, North Carolina, and the State of Western Australia.

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