TransAlta Renewables (OTCMKTS:TRSWF) Downgraded by CIBC to Underperform


Share on StockTwits

CIBC downgraded shares of TransAlta Renewables (OTCMKTS:TRSWF) from a neutral rating to an underperform rating in a research report report published on Wednesday morning, The Fly reports.

TRSWF has been the topic of a number of other research reports. Scotiabank boosted their target price on shares of TransAlta Renewables from $17.50 to $19.00 and gave the stock a sector perform rating in a research note on Monday, December 28th. TD Securities cut shares of TransAlta Renewables from a buy rating to a hold rating in a research note on Friday, January 8th. Raymond James boosted their target price on shares of TransAlta Renewables from $16.50 to $18.00 and gave the stock a market perform rating in a research note on Wednesday, October 28th. National Bank Financial cut shares of TransAlta Renewables to a sector perform rating in a research note on Wednesday, October 21st. Finally, Royal Bank of Canada boosted their price objective on shares of TransAlta Renewables from $16.00 to $17.00 and gave the stock a sector perform rating in a research note on Monday, November 2nd. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock presently has an average rating of Hold and an average target price of $17.90.

OTCMKTS TRSWF opened at $17.47 on Wednesday. The firm’s fifty day moving average price is $15.54 and its two-hundred day moving average price is $12.98. TransAlta Renewables has a fifty-two week low of $7.47 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 February 28, 2020, it owned and operated 23 wind facilities, 13 hydroelectric facilities, seven natural gas generation facilities, one solar facility, and one natural gas pipeline comprising an ownership interest of 2,527 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.

Featured Story: What is the definition of a trade war?

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.