TSE:RNW - TransAlta Renewables Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: C$20.56
  • Forecasted Upside: 1.16 %
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 6 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
C$20.32
▼ -0.04 (-0.20%)
1 month | 3 months | 12 months
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Analyst Price Target for RNW

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
C$20.56
▲ +1.16% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for TransAlta Renewables in the last 3 months. The average price target is C$20.56, with a high forecast of C$22.00 and a low forecast of C$19.00. The average price target represents a 1.16% upside from the last price of C$20.32.

Hold

The current consensus among 8 polled investment analysts is to hold stock in TransAlta Renewables. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 0 sell ratings
12/24/2019
  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 0 sell ratings
3/23/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 0 sell ratings
6/21/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 0 sell ratings
9/19/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 0 sell ratings
12/18/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings
3/18/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings
5/17/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings
6/16/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
5/25/2021Credit Suisse GroupLower Price TargetOutperformC$21.00
i
5/25/2021CSFBLower Price TargetC$22.00 ➝ C$21.00
i
5/13/2021Raymond JamesReiterated RatingMarket PerformC$22.00
i
5/13/2021TD SecuritiesLower Price TargetHoldC$21.00 ➝ C$20.00
i
5/12/2021CIBCReiterated RatingNeutralC$20.00
i
4/20/2021CIBCBoost Price TargetNeutralC$19.50 ➝ C$20.00
i
3/5/2021National Bank FinancialLower Price TargetSector PerformC$21.00 ➝ C$20.00
i
Rating by R. Merer at National Bank Financial
3/4/2021Raymond JamesLower Price TargetMarket PerformC$23.00 ➝ C$22.00
i
3/4/2021TD SecuritiesLower Price TargetHoldC$24.00 ➝ C$21.00
i
3/4/2021Royal Bank of CanadaLower Price TargetSector PerformC$25.00 ➝ C$22.00
i
3/4/2021CIBCUpgradeUnderperform ➝ NeutralC$20.00 ➝ C$19.50
i
2/9/2021ScotiabankBoost Price TargetC$19.00 ➝ C$20.00
i
1/27/2021Raymond JamesBoost Price TargetMarket PerformC$18.00 ➝ C$23.00
i
1/21/2021Credit Suisse GroupReiterated RatingOutperform
i
1/20/2021Credit Suisse GroupBoost Price TargetC$19.50 ➝ C$21.50
i
1/20/2021CSFBBoost Price TargetC$19.50 ➝ C$21.50
i
1/13/2021CIBCDowngradeNeutral ➝ UnderperformC$18.00 ➝ C$20.00
i
1/8/2021TD SecuritiesDowngradeBuy ➝ HoldC$18.50 ➝ C$24.00
i
12/24/2020Credit Suisse GroupReiterated RatingOutperform
i
12/24/2020CSFBReiterated RatingOutperform
i
12/24/2020ATB CapitalBoost Price TargetC$17.50 ➝ C$19.00
i
12/24/2020ScotiabankBoost Price TargetC$17.50 ➝ C$19.00
i
11/3/2020Raymond JamesSet Price TargetMarket PerformC$18.00
i
11/2/2020Royal Bank of CanadaBoost Price TargetSector PerformC$16.00 ➝ C$17.00
i
10/28/2020Raymond JamesBoost Price TargetMarket PerformC$16.50 ➝ C$18.00
i
10/27/2020National Bank FinancialDowngradeOutperform ➝ Sector PerformC$17.50 ➝ C$18.00
i
Rating by R. Merer at National Bank Financial
10/21/2020National Bank FinancialDowngradeOutperform ➝ Sector PerformC$17.50 ➝ C$18.00
i
Rating by R. Merer at National Bank Financial
10/16/2020ScotiabankBoost Price TargetC$16.50 ➝ C$17.50
i
10/15/2020CIBCDowngradeOutperform ➝ NeutralC$16.00 ➝ C$18.00
i
8/4/2020Raymond JamesSet Price TargetMarket PerformC$16.50
i
8/4/2020CIBCBoost Price TargetC$15.50 ➝ C$16.00
i
7/29/2020Raymond JamesDowngradeOutperform ➝ Market PerformC$16.50
i
7/6/2020AltaCorp CapitalReiterated RatingSector Perform
i
Rating by N. Heywood at AltaCorp Capital
4/30/2020National Bank FinancialBoost Price TargetOutperformC$16.50 ➝ C$17.50
i
Rating by R. Merer at National Bank Financial
4/23/2020CIBCBoost Price TargetC$15.00 ➝ C$15.50
i
3/31/2020TD SecuritiesUpgradeHold ➝ BuyC$17.50
i
3/25/2020Raymond JamesUpgradeMarket Perform ➝ OutperformC$16.50
i
3/24/2020National Bank FinancialUpgradeSector Perform Under Weight ➝ Outperfrom Under Weight
i
Rating by R. Merer at National Bank Financial
3/20/2020CIBCUpgradeNeutral ➝ OutperformC$16.50 ➝ C$15.00
i
3/13/2020National Bank FinancialUpgradeSector Perform ➝ OutperformC$17.50 ➝ C$16.50
i
3/3/2020Raymond JamesReiterated RatingMarket PerformC$16.50
i
3/3/2020TD SecuritiesDowngradeBuy ➝ HoldC$16.50 ➝ C$17.50
i
3/2/2020CIBCBoost Price TargetC$15.50 ➝ C$16.50
i
3/2/2020Royal Bank of CanadaBoost Price TargetSector PerformC$14.00 ➝ C$16.00
i
3/2/2020ScotiabankBoost Price TargetC$16.00 ➝ C$16.50
i
2/13/2020National Bank FinancialBoost Price TargetSector PerformC$15.50 ➝ C$17.50
i
2/7/2020ScotiabankBoost Price TargetC$14.00 ➝ C$16.00
i
1/31/2020National Bank FinancialBoost Price TargetSector PerformC$14.25 ➝ C$15.50
i
1/30/2020CIBCBoost Price TargetC$15.00 ➝ C$15.50
i
1/15/2020CIBCBoost Price TargetC$14.00 ➝ C$15.00
i
12/4/2019National Bank FinancialBoost Price TargetSector PerformC$13.75 ➝ C$14.25
i
11/7/2019TD SecuritiesBoost Price TargetBuyC$15.00 ➝ C$15.50
i
11/7/2019National Bank FinancialBoost Price TargetSector PerformC$13.25 ➝ C$13.75
i
11/7/2019Raymond JamesReiterated RatingMarket PerformC$14.50
i
10/23/2019CIBCBoost Price TargetC$13.50 ➝ C$14.00
i
8/22/2019CIBCUpgradeUnderperform ➝ Neutral
i
8/9/2019Raymond JamesReiterated RatingMarket PerformC$14.50
i
7/26/2019Raymond JamesBoost Price TargetC$12.50 ➝ C$14.50
i
7/10/2019National Bank FinancialBoost Price TargetSector PerformC$13.00 ➝ C$13.25
i
5/15/2019Raymond JamesReiterated RatingMarket PerformC$12.50
i
5/14/2019Canaccord GenuityBoost Price TargetC$13.00 ➝ C$13.50
i
4/29/2019Canaccord GenuityBoost Price TargetC$12.50 ➝ C$13.00
i
4/24/2019DesjardinsReiterated RatingHold ➝ AverageC$13.00
i
4/3/2019CIBCDowngradeNeutral ➝ UnderperformC$13.00 ➝ C$13.50
i
3/8/2019National Bank FinancialBoost Price TargetSector PerformC$12.50 ➝ C$13.00
i
3/7/2019Raymond JamesReiterated RatingMarket PerformC$12.50
i
3/7/2019TD SecuritiesBoost Price TargetBuyC$13.00 ➝ C$13.50
i
3/7/2019CIBCBoost Price TargetC$12.00 ➝ C$13.00
i
3/7/2019Industrial Alliance SecuritiesBoost Price TargetHoldC$12.00 ➝ C$13.00
i
2/19/2019National Bank FinancialBoost Price TargetSector PerformC$12.00 ➝ C$12.50
i
1/8/2019Raymond JamesReiterated RatingHoldC$12.50
i
11/2/2018Royal Bank of CanadaLower Price TargetSector PerformC$14.00 ➝ C$13.00
i
11/2/2018Raymond JamesReiterated RatingMarket PerformC$12.50
i
11/2/2018DesjardinsLower Price TargetC$13.00 ➝ C$12.50
i
11/2/2018TD SecuritiesUpgradeHold ➝ BuyC$13.00
i
10/24/2018CIBCLower Price TargetC$13.00 ➝ C$12.00
i
10/9/2018Industrial Alliance SecuritiesDowngradeBuy ➝ HoldC$14.00 ➝ C$12.00
i
10/5/2018National Bank FinancialLower Price TargetC$12.50 ➝ C$12.00
i
7/27/2018National Bank FinancialLower Price TargetSector PerformC$13.00 ➝ C$12.50
i
6/26/2018National Bank FinancialReiterated RatingSector PerformC$13.00
i
5/11/2018CIBCLower Price TargetC$13.50 ➝ C$13.00
i
5/4/2018Canaccord GenuitySet Price TargetHoldC$12.00
i
2/27/2018National Bank FinancialLower Price TargetSector PerformC$13.50 ➝ C$13.00
i
2/26/2018Royal Bank of CanadaLower Price TargetSector PerformC$15.00 ➝ C$14.00
i
2/26/2018CIBCLower Price TargetC$14.50 ➝ C$13.50
i
2/21/2018GMP SecuritiesLower Price TargetC$16.25 ➝ C$16.00
i
2/7/2018National Bank FinancialLower Price TargetSector PerformC$15.00 ➝ C$13.50
i
12/7/2017TD SecuritiesLower Price TargetC$15.00 ➝ C$14.00
i
11/14/2017ScotiabankLower Price TargetSector PerformC$15.00 ➝ C$14.00
i
11/3/2017TD SecuritiesLower Price TargetHoldC$15.50 ➝ C$15.00
i
8/11/2017TD SecuritiesLower Price TargetHoldC$16.00 ➝ C$15.50
i
7/20/2017National Bank FinancialReiterated RatingSector Perform Under Weight
i
Rating by R. Merer at National Bank Financial
5/4/2017TD SecuritiesDowngradeBuy ➝ HoldC$15.00 ➝ C$16.00
i
4/20/2017Raymond JamesDowngradeOutperform ➝ Market Perform
i
4/11/2017National Bank FinancialBoost Price TargetC$14.50 ➝ C$15.00
i
3/9/2017TD SecuritiesBoost Price TargetBuyC$14.50 ➝ C$15.50
i
3/9/2017ScotiabankBoost Price TargetSector PerformC$14.00 ➝ C$15.00
i
3/8/2017Raymond JamesLower Price TargetOutperformC$17.00 ➝ C$16.00
i
3/8/2017DesjardinsReiterated RatingHoldC$14.50
i
2/9/2017CIBCBoost Price TargetC$14.00 ➝ C$14.50
i
12/30/2016National Bank FinancialSet Price TargetSector PerformC$14.50
i
11/22/2016Royal Bank of CanadaReiterated RatingSector Perform
i
11/1/2016ScotiabankBoost Price TargetSector PerformC$13.50 ➝ C$14.00
i
11/1/2016DesjardinsBoost Price TargetHoldC$13.75 ➝ C$14.00
i
11/1/2016Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform
i
11/1/2016TD SecuritiesBoost Price TargetC$15.00 ➝ C$15.50
i
10/21/2016National Bank FinancialBoost Price TargetSector PerformC$14.00 ➝ C$14.50
i
10/21/2016Raymond JamesBoost Price TargetC$15.25 ➝ C$16.00
i
8/17/2016DesjardinsBoost Price TargetHoldC$13.50 ➝ C$13.75
i
8/11/2016Royal Bank of CanadaBoost Price TargetOutperformC$13.00 ➝ C$15.00
i
8/10/2016TD SecuritiesBoost Price TargetBuyC$14.00 ➝ C$15.00
i
8/10/2016ScotiabankReiterated RatingSector PerformC$13.50
i
8/10/2016Royal Bank of CanadaBoost Price TargetOutperformC$13.00 ➝ C$15.00
i
8/10/2016Raymond JamesLower Price TargetOutperformC$15.25 ➝ C$14.50
i
8/10/2016DesjardinsReiterated RatingHoldC$13.75
i
7/20/2016CIBCBoost Price TargetC$13.00 ➝ C$14.00
i
7/13/2016National Bank FinancialDowngradeOutperform ➝ Sector PerformC$13.50 ➝ C$14.00
i
Rating by R. Merer at National Bank Financial
(Data available from 6/16/2016 forward)
TransAlta Renewables logo
TransAlta Renewables Inc. develops, owns, and operates renewable power generation facilities. As of March 3, 2021, it owned and operated 23 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, 1 natural gas pipeline, and 1 battery storage comprising an ownership interest of 2,537 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. The company was incorporated in 2013 and is headquartered in Calgary, Canada. TransAlta Renewables Inc. is a subsidiary of TransAlta Corporation.
Read More

Today's Range

Now: C$20.32
C$20.30
C$20.55

50 Day Range

MA: C$19.57
C$18.34
C$20.74

52 Week Range

Now: C$20.32
C$13.65
C$24.47

Volume

186,616 shs

Average Volume

633,920 shs

Market Capitalization

C$5.42 billion

P/E Ratio

38.34

Dividend Yield

4.62%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of TransAlta Renewables?

The following equities research analysts have issued reports on TransAlta Renewables in the last year: AltaCorp Capital, ATB Capital, CIBC, Credit Suisse Group AG, CSFB, National Bank Financial, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for RNW.

What is the current price target for TransAlta Renewables?

9 Wall Street analysts have set twelve-month price targets for TransAlta Renewables in the last year. Their average twelve-month price target is C$20.56, suggesting a possible upside of 1.2%. Royal Bank of Canada has the highest price target set, predicting RNW will reach C$22.00 in the next twelve months. ATB Capital has the lowest price target set, forecasting a price of C$19.00 for TransAlta Renewables in the next year.
View the latest price targets for RNW.

What is the current consensus analyst rating for TransAlta Renewables?

TransAlta Renewables currently has 6 hold ratings and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in RNW, but not buy more shares or sell existing shares.
View the latest ratings for RNW.

What other companies compete with TransAlta Renewables?

How do I contact TransAlta Renewables' investor relations team?

TransAlta Renewables' physical mailing address is 110 12th Avenue SW, Stn M PO Box 1900, CALGARY, AB T2P 2M1, Canada. The company's listed phone number is +1-403-2677110. The official website for TransAlta Renewables is www.transalta.com.