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Brookfield Renewable Partners (BEP) Gets a Buy from TD Cowen

Tipranks - Tipranks - Fri Mar 6, 1:59AM CST

In a report released yesterday, Sean Steuart from TD Cowen resumed coverage with a Buy rating on Brookfield Renewable Partners and a price target of $35.00. The company’s shares closed yesterday at C$41.55.

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According to TipRanks, Steuart is a 4-star analyst with an average return of 5.8% and a 51.66% success rate. Steuart covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co, Mercer International, and Clearwater Paper.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brookfield Renewable Partners with a $34.44 average price target, representing a -17.11% downside. In a report released yesterday, CIBC also maintained a Buy rating on the stock with a $37.00 price target.

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BEP market cap is currently C$28.42B and has a P/E ratio of -400.32.

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