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.

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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)

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