TransAlta Renewables (OTCMKTS:TRSWF) Price Target Lowered to $20.00 at TD Securities

TransAlta Renewables (OTCMKTS:TRSWF) had its target price trimmed by TD Securities from $21.00 to $20.00 in a report issued on Thursday morning, The Fly reports. The firm currently has a hold rating on the stock.

Several other analysts have also recently commented on TRSWF. CIBC increased their target price on TransAlta Renewables from $19.50 to $20.00 and gave the stock a neutral rating in a report on Tuesday, April 20th. Royal Bank of Canada decreased their target price on TransAlta Renewables from $25.00 to $22.00 and set a sector perform rating on the stock in a report on Thursday, March 4th. Scotiabank increased their target price on TransAlta Renewables from $19.00 to $20.00 and gave the stock a sector perform rating in a report on Tuesday, February 9th. Credit Suisse Group increased their target price on TransAlta Renewables from $21.50 to $22.00 and gave the stock a neutral rating in a report on Friday, March 19th. Finally, Raymond James decreased their target price on TransAlta Renewables from $23.00 to $22.00 and set a market perform rating on the stock in a report on Thursday, March 4th. Seven research analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and an average price target of $21.00.

Shares of OTCMKTS:TRSWF opened at $15.51 on Thursday. The business’s fifty day moving average price is $16.02 and its two-hundred day moving average price is $15.61. TransAlta Renewables has a fifty-two week low of $9.80 and a fifty-two week high of $19.20.

About TransAlta Renewables

TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. As of March 3, 2021, it owned and operated 23 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, 1 natural gas pipeline, and 1 battery storage comprising an ownership interest of 2,537 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia.

Further Reading: What is a capital gain?

The Fly

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.