▲ +6.65% 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$20.44, with a high forecast of C$24.00 and a low forecast of C$17.00. The average price target represents a 6.65% upside from the last price of C$19.17.
The current consensus among 8 contributing investment analysts is to hold stock in TransAlta Renewables. This Hold consensus rating has held steady for over two years.
TransAlta Renewables Inc. develops, owns, and operates renewable power generation facilities. As of February 28, 2020, it owned and operated 23 wind facilities, 13 hydroelectric facilities, seven natural gas generation facilities, one solar facility, and one natural gas pipeline comprising an ownership interest of 2,527 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, QuÃ©bec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia. The company was founded in 2013 and is headquartered in Calgary, Canada. TransAlta Renewables Inc. is a subsidiary of TransAlta Corporation.