TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC's share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.69 and traded as high as C$16.24. TransAlta shares last traded at C$16.08, with a volume of 2,330,203 shares traded.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on TA. Royal Bank Of Canada decreased their target price on 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. Desjardins dropped their price target 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. 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 note on Friday. National Bankshares decreased their price objective on shares of TransAlta from C$20.00 to C$16.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Finally, Jefferies Financial Group upgraded shares of TransAlta from a "hold" rating to a "buy" rating and upped their price objective for the company from C$12.00 to C$20.00 in a research note on Thursday, June 12th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$18.78.
Get Our Latest Research Report on TA
TransAlta Price Performance
The company's fifty day moving average price is C$14.31 and its 200 day moving average price is C$14.65. 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 firm has a market capitalization of C$5.09 billion, a price-to-earnings ratio of 24.16, 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.
Further Reading
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