TransAlta Corporation with ticker code (TAC) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 14.88 and 10.27 calculating the average target price we see 12.15. Given that the stocks previous close was at 9.51 this would imply there is a potential upside of 27.8%. The 50 day MA is 8.89 while the 200 day moving average is 10.15. The company has a market capitalisation of $2,595m. Company Website: https://www.transalta.com
The potential market cap would be $3,315m based on the market concensus.
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.
