Brookfield Renewable Partners (TSE:BEP.UN) Price Target Raised to C$41.00 at National Bank Financial

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its price target raised by equities research analysts at National Bank Financial from C$39.00 to C$41.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential downside of 24.42% from the company’s current price.

Separately, CSFB downgraded shares of Brookfield Renewable Partners from an “outperform” rating to a “neutral” rating in a report on Thursday, July 25th.

Shares of TSE:BEP.UN traded down C$0.86 during trading on Friday, reaching C$54.25. The stock had a trading volume of 236,744 shares, compared to its average volume of 152,890. The business has a fifty day moving average price of C$50.98 and a 200-day moving average price of C$46.22. The company has a quick ratio of 0.51, a current ratio of 0.95 and a debt-to-equity ratio of 60.95. The stock has a market cap of $9.68 billion and a P/E ratio of 124.14. Brookfield Renewable Partners has a fifty-two week low of C$33.32 and a fifty-two week high of C$55.78.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.

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