TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$14.28 and traded as high as C$17.00. TransAlta shares last traded at C$16.87, with a volume of 1,635,515 shares changing hands.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Jefferies Financial Group raised shares of TransAlta from a "hold" rating to a "buy" rating and raised their target price for the company from C$12.00 to C$20.00 in a report on Thursday, June 12th. Royal Bank Of Canada lowered 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 report on Thursday, May 8th. ATB Capital lifted their price objective on shares of TransAlta from C$18.00 to C$20.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Scotiabank upgraded shares of TransAlta from a "hold" rating to a "strong-buy" rating and boosted their target price for the stock from C$16.00 to C$20.00 in a research report on Friday, July 18th. Finally, TD Securities lifted their price target on TransAlta from C$19.00 to C$20.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$19.22.
View Our Latest Analysis on TransAlta
TransAlta Price Performance
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 company has a 50-day simple moving average of C$15.81 and a two-hundred day simple moving average of C$14.28. The stock has a market capitalization of C$5.17 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93.
About TransAlta
(
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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.
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