TransAlta Renewable (RNW) Gets a Hold Rating from Raymond James

By Jason Carr

TransAlta Renewable (RNWResearch Report), the Utilities sector company, was revisited by a Wall Street analyst today. The company received a Hold rating from Raymond James’ analyst David Quezada, with a C$14.50 price target.

According to TipRanks.com, Quezada is ranked #659 out of 5247 analysts.

Currently, the analyst consensus on TransAlta Renewable is a Hold with an average price target of C$13.69.

TransAlta Renewable’s market cap is currently C$3.64B and has a P/E ratio of 14.1. The company has a Price to Book ratio of 1.53.

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, Canadian Gas, and Corporate. The Canadian Wind segment includes the result of the Le Nordais facility.

The company’s shares closed on Friday at C$13.20.