TransAlta Renewables (TSE:RNW) Rating Reaffirmed
Toronto: In an interesting research report issued to clients and investors on Thursday, 3 December, RBC Capital Markets reaffirmed their Outperform rating on TransAlta Renewables (TSE:RNW) shares. They now have a $13.00 Estimated Target Price on the firm. RBC Capital Markets’s target could mean a potential upside of 29.48% from the company’s last stock close price.
Approximately 330,157 shares of stock traded hands or 29.68% up from the average. TransAlta Renewables Inc (TSE:RNW) has declined 19.57% since April 30, 2015 and is downtrending. It has underperformed by 19.28% the S&P500.
TransAlta Renewables Inc. is a Canada renewable power company. The company has a market cap of $1.92 billion. The Firm is engaged in developing, owning and operating renewable power generation facilities. It has 13.91 P/E ratio. The Firm owns and operates around 12 hydro facilities and 16 wind farms in Western and Eastern Canada and holds an economic interest in the around 144 megawatts Wyoming Wind Farm.