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A statement released earlier today by Scotia Capital about TransAlta Renewables (TSE:RNW) bumps down the target price to $14.00

Having a price of $13.08, TransAlta Renewables (TSE:RNW) traded -0.43% lower on the day. With the last close down 10.09% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the same period. TransAlta Renewables has recorded a 50-day average of $15.42 and a two hundred day average of $14.62. Volume of trade was down over the average, with 147,718 shares of RNW changing hands under the typical 211,460

Stating a potential upside of 0.07%, Scotia Capital dropped the price target of TransAlta Renewables (TSE:RNW) to $14.00

On Friday November 03, 2017, TD Securities released a statement on TransAlta Renewables (TSE:RNW) dropped the target price from $15.50 to $15.00 that suggested an upside of 0.13%.

Performance Chart

TransAlta  Renewables (TSE:RNW)

With a total market value of $0, TransAlta Renewables has 52 week low of $12.15 and a 52 week high of $16.25 .

In addition to Scotia Capital reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $10.97 with 0 firms rating the stock a strong buy, 4 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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