Brookfield Renewable (TSE:BEPC) Stock Price Expected to Rise, Desjardins Analyst Says

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

Brookfield Renewable Price Performance

Shares of TSE:BEPC traded up C$0.68 during trading on Thursday, hitting C$46.74. 292,825 shares of the company’s stock were exchanged, compared to its average volume of 293,442. The business’s 50-day simple moving average is C$51.68 and its 200 day simple moving average is C$54.25. 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 has a 52-week low of C$45.17 and a 52-week high of C$63.11. The company has a market cap of C$8.52 billion, a price-to-earnings ratio of -1.86, a PEG ratio of 0.84 and a beta of 1.21.

About Brookfield Renewable

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.