Brookfield Renewable (TSE:BEPC) Given New C$49.00 Price Target at Desjardins

Brookfield Renewable (TSE:BEPC) had its target price upped by investment analysts at Desjardins from C$48.00 to C$49.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ price target indicates a potential upside of 4.84% from the stock’s current price.

Brookfield Renewable Stock Up 1.5%

TSE BEPC traded up C$0.68 during trading hours on Thursday, hitting C$46.74. The company had a trading volume of 292,825 shares, compared to its average volume of 293,442. The firm’s 50 day moving average is C$51.68 and its 200 day moving average is C$54.25. The company has a market capitalization of C$8.52 billion, a price-to-earnings ratio of -1.86, a P/E/G ratio of 0.84 and a beta of 1.21. Brookfield Renewable has a fifty-two week low of C$45.17 and a fifty-two week high of C$63.11. The company has a debt-to-equity ratio of -570.82, a current ratio of 0.33 and a quick ratio of 0.18.

Brookfield Renewable Company Profile

Brookfield operates Brookfield Renewable Partners (NYSE: BEP, BEPC TSX: BEP.UN, BEPC), one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.