TransAlta (TSE:TA) Price Target Lowered to C$22.00 at Jefferies Financial Group

TransAlta (TSE:TA) (NYSE:TAC) had its target price reduced by analysts at Jefferies Financial Group from C$27.00 to C$22.00 in a research report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential upside of 29.34% from the stock’s current price.

TA has been the topic of a number of other reports. Natl Bk Canada downgraded shares of TransAlta from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. TD Securities upped their price target on shares of TransAlta from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Royal Bank Of Canada upped their target price on TransAlta from C$20.00 to C$24.00 in a research note on Monday, November 10th. Desjardins boosted their price objective on TransAlta from C$16.50 to C$21.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Finally, National Bankshares raised their target price on shares of TransAlta from C$18.00 to C$22.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, TransAlta currently has an average rating of “Moderate Buy” and an average target price of C$24.50.

TransAlta Stock Performance

TransAlta stock traded down C$0.84 during midday trading on Wednesday, reaching C$17.01. The stock had a trading volume of 1,072,543 shares, compared to its average volume of 1,044,318. The firm has a market capitalization of C$5.05 billion, a PE ratio of -26.58, a P/E/G ratio of -0.07 and a beta of 0.60. TransAlta has a 12 month low of C$11.16 and a 12 month high of C$25.03. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 229.66. The firm’s 50-day moving average price is C$18.59 and its 200 day moving average price is C$18.79.

TransAlta (TSE:TA) (NYSE:TAC) last issued its earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share for the quarter. TransAlta had a return on equity of 12.03% and a net margin of 7.49%.The business had revenue of C$674.00 million for the quarter.

About TransAlta

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.