TransAlta Corporation – Consensus Indicates Potential -37.5% Downside

Broker Ratings

TransAlta Corporation with ticker code (TAC) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘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 10.28 this would imply there is a potential downside of -37.5%. The 50 day moving average now sits at 9.98 and the 200 moving average now moves to 9.72. The market capitalisation for the company is $2,750m. Find out more information at: http://www.transalta.com

TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through six segments: Hydro, Wind and Solar, North American Gas, Australian Gas, Alberta Thermal, and Centralia. The company owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. It also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. The company serves municipalities, medium and large industries, businesses, and utility customers. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.

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