TransAlta Corporation – Consensus Indicates Potential -1.2% Downside

Broker Ratings

TransAlta Corporation found using ticker (TAC) now have 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 7.08 and 5.9 calculating the mean target price we have 6.43. Given that the stocks previous close was at 6.51 this now indicates there is a potential downside of -1.2%. The 50 day moving average now sits at 6.29 and the 200 day moving average is 6.15. The market cap for the company is $1,797m. You can visit the company’s website by visiting: http://www.transalta.com

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, and Energy Marketing segments. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind. It also engages in wholesale trading of electricity and other energy-related commodities and derivatives. The company operates facilities with approximately 8,385 megawatts of aggregate generating capacity. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.

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