TransAlta Renewables Inc. (OTCMKTS:TRSWF) Receives Average Recommendation of “Hold” from Brokerages

Shares of TransAlta Renewables Inc. (OTCMKTS:TRSWFGet Rating) have earned an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have covered the stock in the last year is $19.19.

Several equities analysts have recently commented on TRSWF shares. TD Securities upped their target price on TransAlta Renewables from C$18.00 to C$18.50 in a research report on Thursday, May 5th. National Bank Financial reduced their price target on TransAlta Renewables from C$19.00 to C$18.50 in a research report on Monday, May 9th. Industrial Alliance Securities downgraded TransAlta Renewables from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research report on Thursday, March 10th. Scotiabank reduced their price target on TransAlta Renewables from C$19.00 to C$18.50 in a research report on Thursday, January 27th. Finally, Royal Bank of Canada reduced their price target on TransAlta Renewables from C$21.00 to C$20.00 in a research report on Thursday, May 5th.

TransAlta Renewables stock opened at $13.46 on Thursday. TransAlta Renewables has a 12 month low of $12.52 and a 12 month high of $18.00. The stock’s 50 day moving average is $14.31 and its 200-day moving average is $14.22.

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.

See Also

Analyst Recommendations for TransAlta Renewables (OTCMKTS:TRSWF)

Receive News & Ratings for TransAlta Renewables Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta Renewables and related companies with MarketBeat.com's FREE daily email newsletter.