TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC's share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.24 and traded as high as C$15.45. TransAlta shares last traded at C$15.12, with a volume of 3,220,989 shares trading hands.
Analyst Ratings Changes
Several brokerages recently commented on TA. Scotiabank dropped their target price on TransAlta from C$17.00 to C$16.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. Jefferies Financial Group raised TransAlta from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$12.00 to C$20.00 in a research note on Thursday, June 12th. CIBC upped their price objective on TransAlta from C$18.50 to C$19.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Royal Bank Of Canada lowered their target price on TransAlta from C$23.00 to C$20.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Finally, National Bankshares dropped their price target on shares of 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. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TransAlta currently has a consensus rating of "Moderate Buy" and a consensus target price of C$18.22.
Check Out Our Latest Stock Analysis on TA
TransAlta Stock Down 0.9%
The stock has a fifty day moving average of C$13.11 and a 200-day moving average of C$15.23. The firm has a market capitalization of C$4.54 billion, a price-to-earnings ratio of 21.55, a PEG ratio of -0.07 and a beta of 0.93. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 229.66.
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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