Newalta Co. (NAL) Price Target Cut to C$1.15 by Analysts at National Bank Financial

Newalta Co. (TSE:NAL) had its price objective decreased by National Bank Financial from C$1.75 to C$1.15 in a research report report published on Thursday. National Bank Financial currently has a sector perform rating on the stock.

NAL has been the topic of a number of other reports. TD Securities reiterated a hold rating and set a C$1.00 price target on shares of Newalta in a research report on Tuesday, October 3rd. Canaccord Genuity reduced their price target on shares of Newalta from C$3.00 to C$1.90 and set a speculative buy rating on the stock in a research report on Tuesday, August 8th. Finally, Scotiabank reduced their price target on shares of Newalta from C$2.25 to C$2.00 and set a sector perform rating on the stock in a research report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Newalta presently has a consensus rating of Hold and an average price target of C$1.51.

Newalta (TSE:NAL) opened at C$0.82 on Thursday. Newalta has a 52-week low of C$0.66 and a 52-week high of C$2.63.

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In other Newalta news, Director Gordon E. Pridham purchased 50,000 shares of Newalta stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of C$1.12 per share, for a total transaction of C$56,000.00.

Newalta Company Profile

Newalta Corporation is a Canada-based provider of engineered environmental solutions to the oil and gas industry. The Company’s segments include Heavy Oil and Oilfield. The Company’s Heavy Oil segment processes oilfield-generated wastes, including treatment, water disposal, salt cavern disposal, landfilling, and the sale of recovered crude oil.

Analyst Recommendations for Newalta (TSE:NAL)

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