TransAlta (TSE:TA - Get Free Report) NYSE: TAC had its target price upped by analysts at ATB Capital from C$18.00 to C$20.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. ATB Capital's price target points to a potential upside of 20.26% from the company's previous close.
Other analysts have also issued reports about the stock. CIBC upped their price target on shares of TransAlta from C$18.50 to C$20.00 in a research report on Thursday, July 10th. TD Securities upped their price target on shares of TransAlta from C$17.00 to C$19.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. National Bankshares dropped their price target on shares of TransAlta from C$20.00 to C$16.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Royal Bank Of Canada dropped their price target on shares of TransAlta from C$23.00 to C$20.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Desjardins dropped their price target on shares of TransAlta from C$16.00 to C$14.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$19.22.
View Our Latest Stock Analysis on TA
TransAlta Stock Up 0.7%
Shares of TA stock traded up C$0.12 during trading on Tuesday, reaching C$16.63. The company's stock had a trading volume of 1,838,420 shares, compared to its average volume of 1,871,473. The business has a fifty day moving average price of C$15.51 and a 200-day moving average price of C$14.30. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 229.66. The company has a market cap of C$4.99 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. TransAlta has a one year low of C$10.95 and a one year high of C$21.22.
About TransAlta
(
Get Free Report)
TransAlta is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia consisting of hydro, wind, solar, battery storage, gas and energy transition facilities. The majority of the company's revenues are derived from the sale of generation capacity, electricity, thermal energy, environmental attributes, and byproducts of power generation.
See Also

Before you consider TransAlta, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TransAlta wasn't on the list.
While TransAlta currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.