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TransAlta - TA Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$15.55
  • Forecasted Upside: 66.85%
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 7 Buy Ratings
  • 1 Strong Buy Ratings
C$9.32 As of 04/25/2024 01:00 AM ET
▲ +0.24 (2.64%)

This chart shows the closing price for TA by one month, three months, or twelve months.

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Analyst Price Target for TA

Analyst Price Target is C$15.55
▲ +66.85% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for TransAlta in the last 3 months. The average price target is C$15.55, with a high forecast of C$18.50 and a low forecast of C$13.00. The average price target represents a 66.85% upside from the last price of C$9.32.

This chart shows the closing price for TA for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 9 investment analysts is to buy stock in TransAlta. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/2/2022
  • 1 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
1/31/2023
  • 1 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/1/2023
  • 1 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/30/2023
  • 1 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
10/28/2023
  • 1 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
1/26/2024
  • 1 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 1 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
4/25/2024

Latest Recommendations

  • 1 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
4/19/2024CIBCLower TargetOutperformC$18.50 ➝ C$16.00
2/26/2024Royal Bank of CanadaLower TargetOutperformC$15.00 ➝ C$14.00
2/26/2024CIBCBoost TargetOutperformC$18.00 ➝ C$18.50
2/26/2024BMO Capital MarketsLower TargetOutperformC$17.00 ➝ C$16.00
2/26/2024TD SecuritiesLower TargetBuyC$15.00 ➝ C$14.00
1/30/2024National BanksharesLower TargetOutperformC$14.00 ➝ C$13.00
1/24/2024CIBCLower TargetOutperformC$18.50 ➝ C$18.00
1/9/2024CIBCBoost TargetOutperformC$18.00 ➝ C$18.50
11/22/2023TD SecuritiesLower TargetBuyC$16.00 ➝ C$15.50
11/22/2023Royal Bank of CanadaLower TargetOutperformC$16.00 ➝ C$15.00
11/8/2023CIBCBoost TargetOutperformC$17.50 ➝ C$18.00
10/25/2023ScotiabankLower TargetOutperformC$17.00 ➝ C$15.50
10/19/2023National BanksharesLower TargetOutperformC$15.00 ➝ C$14.00
10/19/2023ATB CapitalLower TargetC$19.00 ➝ C$17.00
10/10/2023CIBCLower TargetOutperformC$18.50 ➝ C$17.50
10/6/2023TD SecuritiesLower TargetBuyC$16.50 ➝ C$16.00
9/8/2023BMO Capital MarketsLower TargetOutperformC$20.00 ➝ C$17.00
8/9/2023Bank of AmericaBoost TargetNeutralC$13.00 ➝ C$14.00
8/8/2023ATB CapitalBoost TargetOutperformC$18.00 ➝ C$19.00
8/8/2023CIBCBoost TargetOutperformC$17.50 ➝ C$18.50
8/8/2023Industrial Alliance SecuritiesBoost TargetStrong-BuyC$17.00 ➝ C$17.50
8/8/2023National BanksharesBoost TargetOutperformC$14.00 ➝ C$15.00
7/21/2023CIBCBoost TargetOutperformC$17.00 ➝ C$17.50
5/16/2023CSFBBoost TargetC$17.00 ➝ C$18.50
5/8/2023ScotiabankBoost TargetC$16.00 ➝ C$17.00
5/8/2023CIBCBoost TargetC$16.50 ➝ C$17.00
4/21/2023CIBCBoost TargetC$16.00 ➝ C$16.50
4/12/2023CSFBUpgradeNeutral ➝ OutperformC$15.00 ➝ C$17.00
2/24/2023TD SecuritiesLower TargetBuyC$17.50 ➝ C$16.50
2/24/2023CIBCLower TargetC$16.50 ➝ C$16.00
2/24/2023National BanksharesLower TargetC$15.00 ➝ C$14.00
2/24/2023ScotiabankLower TargetC$15.00 ➝ C$14.00
2/1/2023CSFBDowngradeOutperform ➝ NeutralC$17.50 ➝ C$15.00
1/27/2023National BanksharesUpgradeSector Perform ➝ OutperformC$14.00 ➝ C$15.00
12/15/2022Credit Suisse GroupBoost TargetOutperformC$17.00 ➝ C$17.50
11/9/2022National BanksharesBoost TargetSector PerformC$13.00 ➝ C$14.00
11/9/2022TD SecuritiesLower TargetBuyC$18.00 ➝ C$17.50
11/9/2022ATB CapitalBoost TargetC$16.50 ➝ C$17.50
11/9/2022CSFBBoost TargetC$15.00 ➝ C$17.00
11/9/2022ScotiabankBoost TargetC$15.50 ➝ C$16.00
11/9/2022Credit Suisse GroupBoost TargetOutperformC$17.00
10/25/2022National BanksharesLower TargetC$15.00 ➝ C$13.00
10/25/2022CSFBLower TargetC$17.50 ➝ C$15.00
10/25/2022Credit Suisse GroupLower TargetOutperformC$15.00
10/20/2022ScotiabankLower TargetC$17.00 ➝ C$15.50
10/18/2022CIBCLower TargetC$17.50 ➝ C$16.00
9/26/2022ScotiabankBoost TargetC$16.50 ➝ C$17.00
8/24/2022CSFBLower TargetC$18.50 ➝ C$17.50
8/24/2022Credit Suisse GroupLower TargetC$17.50
8/8/2022TD SecuritiesLower TargetBuyC$18.50 ➝ C$18.00
7/25/2022Credit Suisse GroupBoost TargetOutperformC$18.00 ➝ C$18.50
5/9/2022National BanksharesBoost TargetSector PerformC$14.00 ➝ C$15.00
5/9/2022BMO Capital MarketsReiterated RatingBuyC$17.00
4/20/2022Credit Suisse GroupBoost TargetOutperformC$18.00
4/20/2022CSFBBoost TargetC$17.00 ➝ C$18.00
1/12/2022TD SecuritiesLower TargetBuyC$17.50 ➝ C$17.00
1/11/2022CIBCBoost TargetC$16.50 ➝ C$17.00
1/11/2022CSFBLower TargetC$17.50 ➝ C$17.00
1/7/2022Credit Suisse GroupReiterated RatingOutperformC$17.50
1/7/2022CSFBSet TargetOutperformC$17.50
12/29/2021ATB CapitalBoost TargetC$16.50 ➝ C$17.00
12/23/2021ATB CapitalBoost TargetBuyC$16.50 ➝ C$17.00
11/12/2021National BanksharesBoost TargetSector PerformC$13.00 ➝ C$14.00
11/1/2021CSFBLower TargetC$18.00 ➝ C$17.50
11/1/2021Credit Suisse GroupLower TargetOutperformC$17.50
10/29/2021CIBCReiterated RatingBuyC$16.00
10/21/2021ScotiabankBoost TargetC$14.50 ➝ C$16.00
10/19/2021TD SecuritiesBoost TargetC$15.50 ➝ C$16.50
10/5/2021CSFBSet TargetOutperformC$18.00
9/29/2021Credit Suisse GroupReiterated RatingOutperformC$18.00
9/29/2021CSFBSet TargetOutperformC$18.00
9/29/2021Royal Bank of CanadaReiterated RatingOutperformC$14.00
9/29/2021CIBCBoost TargetC$15.00 ➝ C$16.00
9/28/2021CIBCReiterated RatingBuyC$15.00 ➝ C$16.00
9/21/2021BMO Capital MarketsReiterated RatingOutperform
9/20/2021BMO Capital MarketsBoost TargetNAC$15.50 ➝ C$16.00
8/11/2021BMO Capital MarketsBoost TargetC$15.50
8/11/2021National Bank FinancialBoost TargetSector PerformC$13.00
8/11/2021Royal Bank of CanadaReiterated RatingOutperformC$14.00
8/10/2021CIBCReiterated RatingOutperformC$14.50
7/21/2021CIBCBoost TargetOutperformC$13.50 ➝ C$14.50
6/1/2021BMO Capital MarketsBoost TargetMarket Perform ➝ OutperformC$12.00 ➝ C$14.50
5/25/2021Credit Suisse GroupBoost TargetSector PerformC$18.00
5/25/2021CSFBLower TargetC$18.50 ➝ C$18.00
5/14/2021BMO Capital MarketsBoost TargetMarket PerformC$11.50 ➝ C$12.00
5/14/2021CIBCReiterated RatingOutperformC$13.50
5/14/2021Royal Bank of CanadaBoost TargetOutperformC$13.00 ➝ C$14.00
5/4/2021CIBCReiterated RatingOutperformC$13.50
4/20/2021CIBCBoost TargetOutperformC$13.00 ➝ C$13.50
4/16/2021ScotiabankBoost TargetC$13.50 ➝ C$14.50
3/26/2021Royal Bank of CanadaReiterated RatingOutperform
3/4/2021Royal Bank of CanadaBoost TargetOutperformC$11.00 ➝ C$13.00
3/4/2021TD SecuritiesBoost TargetBuyC$11.00 ➝ C$12.50
3/4/2021National Bank FinancialLower TargetSector PerformC$13.00 ➝ C$12.00
2/9/2021ScotiabankBoost TargetC$12.00 ➝ C$13.50
1/21/2021Credit Suisse GroupReiterated RatingSector Perform
1/20/2021Credit Suisse GroupBoost TargetC$16.00 ➝ C$17.50
1/20/2021CSFBBoost TargetC$16.00 ➝ C$17.50
1/13/2021CIBCUpgradeNeutral ➝ OutperformC$10.00 ➝ C$13.00
12/7/2020BMO Capital MarketsBoost TargetSector PerformC$8.00 ➝ C$10.00
11/11/2020National Bank FinancialLower TargetSector PerformC$11.00 ➝ C$10.00
11/5/2020National Bank FinancialLower TargetSector PerformC$11.00 ➝ C$10.00
7/29/2020Credit Suisse GroupBoost TargetC$10.00 ➝ C$11.50
7/29/2020CSFBBoost TargetC$10.00 ➝ C$11.50
7/6/2020AltaCorp CapitalReiterated RatingOutperform
4/23/2020CIBCBoost TargetC$8.50 ➝ C$9.50
3/20/2020CIBCUpgradeNeutral ➝ OutperformC$11.00 ➝ C$8.50
3/5/2020National Bank FinancialReiterated RatingSector Perform Overweight
3/5/2020CIBCBoost TargetC$10.00 ➝ C$11.00
3/5/2020TD SecuritiesBoost TargetBuyC$12.00 ➝ C$13.00
2/10/2020Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$11.00 ➝ C$13.00
2/7/2020ScotiabankBoost TargetC$11.00 ➝ C$12.00
1/30/2020CIBCBoost TargetC$9.50 ➝ C$10.00
1/29/2020National Bank FinancialBoost TargetSector PerformC$10.00 ➝ C$11.00
10/23/2019CIBCLower TargetC$10.00 ➝ C$9.50
8/13/2019National Bank FinancialLower TargetSector PerformC$11.00 ➝ C$10.00
5/3/2019CIBCBoost TargetC$9.00 ➝ C$10.00
(Data available from 4/26/2019 forward)

News Sentiment Rating

0.03 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 3 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/29/2023
  • 2 very positive mentions
  • 16 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/29/2023
  • 4 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/28/2023
  • 1 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/28/2023
  • 1 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
1/27/2024
  • 5 very positive mentions
  • 12 positive mentions
  • 4 negative mentions
  • 3 very negative mentions
Mentions as of
2/26/2024
  • 7 very positive mentions
  • 15 positive mentions
  • 7 negative mentions
  • 1 very negative mentions
Mentions as of
3/27/2024
  • 3 very positive mentions
  • 9 positive mentions
  • 6 negative mentions
  • 0 very negative mentions
Mentions as of
4/26/2024

Current Sentiment

  • 3 very positive mentions
  • 9 positive mentions
  • 6 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

TransAlta logo
TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario. The Wind and Solar segment has a net ownership interest of approximately 2,057 MW of owned wind and solar electrical-generating capacity, as well as battery storage facilities located in Alberta, Ontario, New Brunswick, and Québec in Canada; the states of Massachusetts, Minnesota, New Hampshire, North Carolina, Pennsylvania, Washington, and Wyoming in the United States; and the state of Western Australia. The Gas segment has a net ownership interest of approximately 2,775 MW of owned gas electrical-generating capacity, and facilities located in Alberta, Ontario, Michigan, and the state of Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW of owned coal electrical-generating capacity, as well as operates the Skookumchuck hydro facility in Centralia; and engages in the highvale mine and the mine reclamation activities. The Energy Marketing segment is involved in the trading of power, natural gas, and environmental products. It serves customers in various industry segments, including commercial real estate, municipal, manufacturing, industrial, hospitality, finance, and oil and gas. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.
Read More

Today's Range

Now: C$9.32
Low: C$8.93
High: C$9.34

50 Day Range

MA: C$8.92
Low: C$8.35
High: C$9.90

52 Week Range

Now: C$9.32
Low: C$8.22
High: C$13.97

Volume

1,586,274 shs

Average Volume

956,788 shs

Market Capitalization

C$2.87 billion

P/E Ratio

4.00

Dividend Yield

2.74%

Beta

0.89

Frequently Asked Questions

What sell-side analysts currently cover shares of TransAlta?

The following sell-side analysts have issued stock ratings on TransAlta in the last twelve months: ATB Capital, Bank of America Co., BMO Capital Markets, CIBC, CSFB, Industrial Alliance Securities, National Bankshares, Inc., Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for TA.

What is the current price target for TransAlta?

10 Wall Street analysts have set twelve-month price targets for TransAlta in the last year. Their average twelve-month price target is C$15.55, suggesting a possible upside of 66.8%. CSFB has the highest price target set, predicting TA will reach C$18.50 in the next twelve months. National Bankshares, Inc. has the lowest price target set, forecasting a price of C$13.00 for TransAlta in the next year.
View the latest price targets for TA.

What is the current consensus analyst rating for TransAlta?

TransAlta currently has 1 hold rating, 7 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe TA will outperform the market and that investors should add to their positions of TransAlta.
View the latest ratings for TA.

What other companies compete with TransAlta?

Other companies that are similar to TransAlta include Capital Power, Brookfield Renewable Partners, Boralex, Superior Plus and TransAlta Renewables. Learn More about companies similar to TransAlta.

How do I contact TransAlta's investor relations team?

TransAlta's physical mailing address is Calgary Alberta T2p 2mi 110 12th Ave SW Station, Stn M PO Box 1900, CALGARY, AB T2P 2M1, Canada. The company's listed phone number is +1-403-2674724. The official website for TransAlta is www.transalta.com. Learn More about contacing TransAlta investor relations.