Scotiabank analyst Robert Hope reiterated a Buy rating on Brookfield Renewable Partners (BEP – Research Report) today and set a price target of $31.00. The company’s shares closed yesterday at $27.75.
According to TipRanks, Hope is a 5-star analyst with an average return of 8.8% and a 65.68% success rate. Hope covers the Energy sector, focusing on stocks such as Pembina Pipeline, Enbridge, and TC Energy.
Brookfield Renewable Partners has an analyst consensus of Moderate Buy, with a price target consensus of $30.27, representing a 9.08% upside. In a report released on May 17, DBS also maintained a Buy rating on the stock with a $33.00 price target.
BEP market cap is currently $18.49B and has a P/E ratio of -60.40.
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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 Prioritizes Long-Term Incentives for Executives
- Brookfield Renewable Partners price target raised to $31 from $30 at Scotiabank
- Brookfield Renewable price target raised to $30 from $28 at National Bank
- Brookfield’s Expansive Renewable Energy Portfolio
- Brookfield Renewable’s Record Q1 and Landmark Microsoft Deal
