Analysts Set TransAlta Co. (TSE:TA) PT at C$18.22

TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC has been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$18.22.

A number of research analysts have weighed in on TA shares. Jefferies Financial Group raised TransAlta from a "hold" rating to a "buy" rating and lifted their target price for the company from C$12.00 to C$20.00 in a report on Thursday, June 12th. Desjardins reduced their price objective on shares of TransAlta from C$16.00 to C$14.00 and set a "hold" rating for the company in a research note on Tuesday, May 6th. CIBC upped their target price on shares of TransAlta from C$18.50 to C$19.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. National Bankshares lowered their target price on shares of TransAlta from C$20.00 to C$16.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Finally, ATB Capital reduced their price target on shares of TransAlta from C$19.00 to C$18.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th.

TransAlta Stock Performance

Shares of TransAlta stock traded up C$0.21 during trading hours on Tuesday, reaching C$14.47. The company had a trading volume of 842,233 shares, compared to its average volume of 1,890,190. The firm has a market cap of C$4.35 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. TransAlta has a one year low of C$9.35 and a one year high of C$21.22. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. The business has a fifty day simple moving average of C$13.73 and a 200 day simple moving average of C$14.86.

TransAlta Company Profile

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.