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A statement released earlier today by RBC Capital Markets about TransAlta Renewables (TSE:RNW) bumps the target price to $6.00

Boasting a price of $13.39, TransAlta Renewables (TSE:RNW) traded 1.40% higher on the day. With the last stock price close down -0.16% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. TransAlta Renewables has recorded a 50-day average of $14.12 and a two hundred day average of $13.83. Volume of trade was up over the average, with 295,277 shares of RNW changing hands over the typical 265,292

RBC Capital Markets bumped up the target of TransAlta Renewables (TSE:RNW) to $6.00 stating a potential downside of -0.55%.

On Thursday December 03, 2015, RBC Capital Markets released a statement for TransAlta Renewables (TSE:RNW) bumped up the target price from $0.00 to $13.00 that suggested an upside of 0.30%.

Performance Chart

TransAlta  Renewables (TSE:RNW)

With a total market value of $0, TransAlta Renewables has price-earnings ratio of 37.63 with a one year low of $8.99 and a one year high of $15.09 .

A total of 9 equity analysts have released a ratings update on RNW. zero equity analysts rating the company a strong buy, four equity analysts rating the company a buy, six equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $10.96.

Brief Synopsis About 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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