Canaccord Genuity Assigns a Hold Rating on TransAlta Renewable

By Austin Angelo

TransAlta Renewable (TSX: RNW), the Utilities sector company, has received a rating update from a Wall Street analyst yesterday. Analyst David Galison from Canaccord Genuity rated TransAlta Renewable (TSX: RNW) a Hold, setting a C$12 price target.

According to TipRanks.com, Galison is ranked #1182 out of 4815 analysts.

TransAlta Renewable has an analyst consensus of Moderate Buy, with a price target consensus of C$13.31.

The company has a one-year high of C$16.15 and a one-year low of C$11.38. Currently, TransAlta Renewable has an average volume of 195.4K.

TransAlta Renewables, Inc. engages in the acquisition of renewable power generation facilities in operation or under construction. It operates through the following segments: Canadian Wind, Canadian Hydro, and Canadian Gas. The Canadian Wind segment includes the result of the Le Nordais facility.

The company’s shares closed on Thursday at C$12.32.