Desjardins Trims Brookfield Renewable Partners (TSE:BEP.UN) Target Price to C$37.00

Brookfield Renewable Partners (TSE:BEP.UN) (NYSE:BEP) had its price objective reduced by research analysts at Desjardins from C$39.00 to C$37.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ target price indicates a potential upside of 28.07% from the company’s previous close.

Brookfield Renewable Partners Stock Down 1.0 %

Shares of Brookfield Renewable Partners stock traded down C$0.30 on Tuesday, hitting C$28.89. The company had a trading volume of 119,878 shares, compared to its average volume of 267,800. The stock has a 50-day moving average of C$30.45 and a 200-day moving average of C$32.33. The company has a debt-to-equity ratio of 101.64, a current ratio of 0.57 and a quick ratio of 0.45. Brookfield Renewable Partners has a twelve month low of C$27.43 and a twelve month high of C$44.13. The firm has a market capitalization of C$8.29 billion, a P/E ratio of -67.21, a P/E/G ratio of 8.53 and a beta of 0.79.

Brookfield Renewable Partners Company Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.