Published on 30 May 2024 on Simply Wall St. via Yahoo Finance
Is Now An Opportune Moment To Examine TransAlta Corporation (TSE:TA)?
TransAlta Corporation (TSE:TA), might not be a large cap stock, but it saw a decent share price growth of 16% on the TSX over the last few months. Shareholders may appreciate the recent price jump, but the company still has a way to go before reaching its yearly highs again. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let’s examine TransAlta’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.
Check out our latest analysis for TransAlta
What's The Opportunity In TransAlta?