In a report released on September 25, Nelson Ng from RBC Capital maintained a Buy rating on Brookfield Renewable Partners (BEP – Research Report), with a price target of $31.00. The company’s shares closed yesterday at $28.30.
According to TipRanks, Ng is a 4-star analyst with an average return of 7.6% and a 58.23% success rate. Ng covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Brookfield Renewable Partners, and Northland Power.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brookfield Renewable Partners with a $30.11 average price target, a 6.40% upside from current levels. In a report released on September 25, CIBC also maintained a Buy rating on the stock with a $33.00 price target.
BEP market cap is currently $18.51B and has a P/E ratio of -33.96.
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Brookfield Renewable Partners (BEP) Company Description:
Brookfield Renewable Partners LP engages in owning a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China.. It operates through following segments: Hydroelectric; Wind; Solar; Storage and Other; and Corporate. The company was founded on June 27, 2011 and is headquartered in Hamilton, Bermuda.
Read More on BEP:
- Brookfield Renewable Partners price target raised to $31 from $30 at JPMorgan
- GCM’s Infrastructure Advantage Strategy acquires interest in Shepherds Flat
- Masdar Boosts Renewable Presence with Saeta Acquisition
- Brookfield Renewable Partners selling Saeta to Masdar for $1.4B
- Brookfield Asset Management to sell 25% stake in First Hydro
