TransAlta Corporation with ticker code (TAC) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 13.81 and 10.41 calculating the mean target price we have 12.58. Given that the stocks previous close was at 11.49 this would indicate that there is a potential upside of 9.5%. The 50 day moving average now sits at 10.84 and the 200 day MA is 10.59. The market capitalisation for the company is $3,122m. Company Website: https://www.transalta.com
The potential market cap would be $3,418m based on the market concensus.
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TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large industries, businesses, and utility customers. The company was founded in 1909 and is headquartered in Calgary, Canada.