Newalta Co. (TSE:NAL) had its price objective trimmed by Canaccord Genuity from C$3.00 to C$1.90 in a report issued on Tuesday morning. The firm currently has a speculative buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Scotiabank decreased their price objective on Newalta from C$2.25 to C$2.00 and set a sector perform rating for the company in a report on Friday, August 4th. National Bank Financial decreased their price objective on Newalta from C$2.00 to C$1.75 and set a sector perform rating for the company in a report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Newalta has a consensus rating of Hold and a consensus price target of C$2.04.

Shares of Newalta (TSE:NAL) opened at 1.04 on Tuesday. The stock’s market cap is $91.67 million. Newalta has a 12 month low of $1.03 and a 12 month high of $2.90. The firm has a 50-day moving average price of $1.38 and a 200-day moving average price of $1.96.

COPYRIGHT VIOLATION NOTICE: “Newalta Co. (NAL) Price Target Cut to C$1.90 by Analysts at Canaccord Genuity” was originally published by Daily Political and is owned by of Daily Political. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/08/09/newalta-co-nal-price-target-cut-to-c1-90-by-analysts-at-canaccord-genuity.html.

About Newalta

Newalta Corporation is a Canada-based provider of engineered environmental solutions to the oil and gas industry. The Company’s segments include Heavy Oil and Oilfield. The Company’s Heavy Oil segment processes oilfield-generated wastes, including treatment, water disposal, salt cavern disposal, landfilling, and the sale of recovered crude oil.

Analyst Recommendations for Newalta (TSE:NAL)

Receive News & Ratings for Newalta Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newalta Co. and related companies with MarketBeat.com's FREE daily email newsletter.