TransAlta (TSE:TA) Price Target Cut to C$24.50 by Analysts at Canadian Imperial Bank of Commerce

Posted by Brian Himes on Sep 22nd, 2026

TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) had its target price cut by investment analysts at Canadian Imperial Bank of Commerce from C$26.00 to C$24.50 in a report issued on Tuesday, BayStreet reports. Canadian Imperial Bank of Commerce’s target price would suggest a potential upside of 45.92% from the company’s current price.

TA has been the topic of several other research reports. Royal Bank Of Canada set a C$24.00 target price on shares of TransAlta and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Desjardins increased their price objective on shares of TransAlta from C$18.50 to C$19.00 and gave the company a “hold” rating in a report on Friday, July 3rd. Scotia set a C$27.00 price objective on shares of TransAlta and gave the company a “sector outperform” rating in a research note on Wednesday, June 10th. TD set a C$26.00 target price on shares of TransAlta and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, National Bank Financial upped their target price on shares of TransAlta from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$24.85.

Read Our Latest Report on TA

TransAlta Price Performance

TransAlta stock traded down C$0.50 during trading hours on Tuesday, hitting C$16.79. 434,151 shares of the stock were exchanged, compared to its average volume of 1,666,436. The stock has a market capitalization of C$5.31 billion, a P/E ratio of -54.16, a P/E/G ratio of -0.07 and a beta of 0.69. The business’s 50-day moving average is C$17.57 and its two-hundred day moving average is C$18.05. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.61 and a current ratio of 0.84. TransAlta has a 12 month low of C$15.62 and a 12 month high of C$25.03.

TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last released its quarterly earnings results on Friday, July 31st. The company reported C$0.18 earnings per share (EPS) for the quarter. TransAlta had a negative return on equity of 1.50% and a negative net margin of 1.02%.The business had revenue of C$507.00 million during the quarter.

Insiders Place Their Bets

In other news, insider Michael Politeski acquired 10,000 shares of TransAlta stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average price of C$17.77 per share, with a total value of C$177,700.00. Following the purchase, the insider directly owned 85,000 shares of the company’s stock, valued at C$1,510,450. The trade was a 13.33% increase in their ownership of the stock. 0.21% of the stock is owned by insiders.

About TransAlta

(Get Free Report)

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.