TransAlta (TSE:TA) Given New C$19.00 Price Target at TD Securities

TransAlta (TSE:TA) (NYSE:TAC) had its price target upped by TD Securities from C$17.00 to C$19.00 in a report released on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on the company. Desjardins cut their price objective on TransAlta from C$16.00 to C$14.00 and set a “hold” rating for the company in a report on Tuesday, May 6th. National Bankshares cut their price target on TransAlta from C$20.00 to C$16.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Royal Bank Of Canada cut their price target on TransAlta from C$23.00 to C$20.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Jefferies Financial Group raised TransAlta from a “hold” rating to a “buy” rating and lifted their price target for the company from C$12.00 to C$20.00 in a report on Thursday, June 12th. Finally, CIBC lifted their price target on TransAlta from C$18.50 to C$20.00 in a report on Thursday, July 10th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$18.78.

TransAlta Stock Down 0.5%

Shares of TSE TA opened at C$16.65 on Tuesday. The stock has a market cap of C$5.00 billion, a PE ratio of 23.73, a PEG ratio of -0.07 and a beta of 0.93. The business has a fifty day moving average of C$14.88 and a two-hundred day moving average of C$14.47. TransAlta has a 52-week low of C$10.12 and a 52-week high of C$21.22. The company has a debt-to-equity ratio of 229.66, a quick ratio of 0.62 and a current ratio of 0.74.

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.