TransAlta Renewables (OTCMKTS:TRSWF) Trading Up 2.8%

TransAlta Renewables Inc. (OTCMKTS:TRSWF) shares were up 2.8% during trading on Wednesday . The stock traded as high as $9.21 and last traded at $9.15. Approximately 28,900 shares traded hands during trading, an increase of 225% from the average daily volume of 8,885 shares. The stock had previously closed at $8.90.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRSWF. Credit Suisse Group cut shares of TransAlta Renewables from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 11th. Royal Bank of Canada raised their price objective on shares of TransAlta Renewables from C$12.00 to C$13.35 in a report on Wednesday, August 30th. Raymond James lowered their price target on shares of TransAlta Renewables from C$15.50 to C$13.00 in a research note on Wednesday, July 12th. CIBC lifted their price objective on shares of TransAlta Renewables from C$13.00 to C$13.50 in a research report on Tuesday, August 8th. Finally, National Bank Financial decreased their price objective on shares of TransAlta Renewables from C$13.00 to C$12.50 in a research report on Thursday, July 6th.

TransAlta Renewables Stock Performance

The company’s 50 day moving average is $9.37 and its 200-day moving average is $9.38.

About TransAlta Renewables

TransAlta Renewables Inc owns, develops, and operates renewable and natural gas power generation facilities and other infrastructure assets in Canada, the United States, and Australia. The company operates through Canadian Wind, Canadian Hydro, Canadian Gas, US Wind and Solar, US Gas, and Australian Gas segments.