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A statement released earlier today by CIBC World Markets about TransAlta Renewables (TSE:RNW) ups the target price to $14.50

Having a price of $14.87, TransAlta Renewables (TSE:RNW) traded 0.68% higher on the day. With the last stock price up 3.68% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.06% over the same period. RNW has recorded a 50-day average of $14.66 and a two hundred day average of $14.32. Trade Volume was down over the average, with 116,320 shares of RNW changing hands under the typical 199,402

Reporting a potential downside of -0.02%, CIBC World Markets upped the price target of TransAlta Renewables (TSE:RNW) to $14.50

On 1/4/2017, National Bank Financial released a statement about TransAlta Renewables (TSE:RNW) upped the target price from $0.00 to $14.50 that suggested an upside of 0.02%.

Recent Performance Chart

TransAlta  Renewables (TSE:RNW)

TransAlta Renewables has PE ratio of 40.46 with a one year low of $10.36 and a one year high of $15.09 and has a market capitalization of $0.

A total of 9 brokerages have issued a ratings update on TransAlta Renewables. zero brokerages rating the company a strong buy, four brokerages rating the company a buy, seven brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $10.97.

General Company Details For TransAlta Renewables (TSE:RNW)

TransAlta Renewables Inc is a Canada-based company engaged in developing, owning and operating renewable power generation facilities. The Company owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts (MW) and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline. The Company also owns economic interests in Sarnia cogeneration plant, Le Nordais wind farm and Ragged Chute hydro facility totaling approximately 610 MW of contracted power generation assets located in Ontario and Quebec. The Company's subsidiaries include Canadian Hydro Developers, Inc. and Western Sustainable Power Inc.

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