Newalta Co. (TSE:NAL)‘s stock had its “hold” rating reiterated by equities research analysts at TD Securities in a research note issued on Tuesday. They currently have a C$1.00 price target on the stock. TD Securities’ price target points to a potential upside of 13.64% from the stock’s current price.

Several other analysts have also recently commented on NAL. Canaccord Genuity decreased their price target on shares of Newalta from C$3.00 to C$1.90 and set a “speculative buy” rating for the company in a report on Tuesday, August 8th. National Bank Financial lowered their price objective on shares of Newalta from C$2.00 to C$1.75 and set a “sector perform” rating on the stock in a research report on Friday, August 4th. Finally, Scotiabank dropped their price objective on shares of Newalta from C$2.25 to C$2.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Newalta has an average rating of “Hold” and an average price target of C$1.66.

Shares of Newalta (TSE NAL) traded up 1.14% on Tuesday, reaching $0.89. The company had a trading volume of 83,602 shares. The company has a 50 day moving average price of $0.93 and a 200 day moving average price of $1.54. The stock’s market capitalization is $78.45 million. Newalta has a 52-week low of $0.66 and a 52-week high of $2.63.

WARNING: “Newalta Co. (NAL) Stock Rating Reaffirmed by TD Securities” was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/10/03/td-securities-analysts-give-newalta-co-nal-a-c1-00-price-target.html.

In other news, Director Gordon E. Pridham bought 50,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of C$1.12 per share, with a total value of C$56,000.00.

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.