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TransAlta Co. (TSE:TA) Receives Consensus Recommendation of "Buy" from Analysts

TransAlta logo with Utilities background

Key Points

  • TransAlta Co. has received an average rating of "Buy" from analysts, with one hold rating, six buy ratings, and two strong buy ratings among the nine firms covering the stock.
  • The average 1-year price target for TransAlta shares is C$18.78, with varying targets set by different analysts ranging from C$14.00 to C$20.00.
  • TransAlta is an independent power producer operating in Canada, the U.S., and Australia, with a diverse range of generation assets, including hydro, wind, solar, and gas facilities.
  • Looking to Export and Analyze TransAlta Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC has earned an average recommendation of "Buy" from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$19.22.

A number of equities research analysts recently issued reports on the stock. ATB Capital upped their price target on shares of TransAlta from C$18.00 to C$20.00 and gave the company an "outperform" rating in a research note on Tuesday. National Bankshares increased their target price on shares of TransAlta from C$16.00 to C$17.00 and gave the company an "outperform" rating in a research note on Tuesday. Scotiabank raised shares of TransAlta from a "hold" rating to a "strong-buy" rating and increased their target price for the company from C$16.00 to C$20.00 in a research note on Friday, July 18th. Royal Bank Of Canada reduced their target price on shares of TransAlta from C$23.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Finally, Jefferies Financial Group raised shares of TransAlta from a "hold" rating to a "buy" rating and increased their target price for the company from C$12.00 to C$20.00 in a research note on Thursday, June 12th.

Check Out Our Latest Stock Report on TransAlta

TransAlta Price Performance

Shares of TA traded down C$0.02 during mid-day trading on Friday, reaching C$16.60. The stock had a trading volume of 698,087 shares, compared to its average volume of 1,870,586. The company has a debt-to-equity ratio of 229.66, a quick ratio of 0.62 and a current ratio of 0.74. The business has a fifty day moving average of C$15.31 and a 200 day moving average of C$14.38. TransAlta has a 12 month low of C$10.95 and a 12 month high of C$21.22. The firm has a market cap of C$4.99 billion, a price-to-earnings ratio of 23.66, a PEG ratio of -0.07 and a beta of 0.93.

TransAlta Company Profile

(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.

Further Reading

Analyst Recommendations for TransAlta (TSE:TA)

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