Raymond James Reaffirms Their Hold Rating on TransAlta Renewable (RNW)

TransAlta Renewable (RNWResearch Report), the Utilities sector company, has received a rating update from a Wall Street analyst today. Analyst David Quezada from Raymond James reiterated a Hold rating, with a C$12.50 price target.

According to TipRanks.com, Quezada is ranked #844 out of 5181 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for TransAlta Renewable with a C$12.83 average price target.

TransAlta Renewable’s market cap is currently C$3.61B and has a P/E ratio of 14.8. 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 Wednesday at C$13.68, close to its 52-week high of C$14.03.