Shares of TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC have been assigned an average recommendation of "Moderate Buy" from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$18.22.
TA has been the subject of several research analyst reports. Jefferies Financial Group upgraded shares of TransAlta from a "hold" rating to a "buy" rating and upped their target price for the company from C$12.00 to C$20.00 in a report on Thursday. Scotiabank cut their target price on TransAlta from C$17.00 to C$16.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Royal Bank of Canada reduced their price objective on TransAlta from C$23.00 to C$20.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. National Bankshares reduced their price objective on 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. Finally, ATB Capital cut their price target on TransAlta from C$19.00 to C$18.00 and set an "outperform" rating for the company in a report on Thursday, May 8th.
Check Out Our Latest Stock Analysis on TransAlta
TransAlta Stock Down 2.8%
Shares of TransAlta stock traded down C$0.43 during trading hours on Friday, reaching C$15.08. 3,203,246 shares of the company were exchanged, compared to its average volume of 1,998,985. The firm has a market cap of C$4.53 billion, a PE ratio of 21.49, a PEG ratio of -0.07 and a beta of 0.93. The company has a debt-to-equity ratio of 229.66, a quick ratio of 0.62 and a current ratio of 0.74. TransAlta has a 1 year low of C$9.30 and a 1 year high of C$21.22. The stock's fifty day moving average is C$12.71 and its 200 day moving average is C$15.25.
About TransAlta
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Get Free ReportTransAlta 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.
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