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Analysts Offer Insights on Utilities Companies: Spire (SR) and TransAlta (TAC)

Tipranks - Tipranks - Fri May 8, 6:52AM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Spire (SR) and TransAlta (TAC) with bullish sentiments.

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Spire (SR)

BTIG analyst Alex Kania maintained a Buy rating on Spire today and set a price target of $105.00. The company’s shares closed last Wednesday at $86.21.

According to TipRanks.com, Kania is a 3-star analyst with an average return of 4.9% and a 67.5% success rate. Kania covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Chesapeake Utilities, and WEC Energy Group. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spire with a $102.75 average price target, which is a 16.3% upside from current levels. In a report issued on April 27, Morgan Stanley also maintained a Buy rating on the stock with a $100.00 price target.

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TransAlta (TAC)

In a report released today, Maurice Choy from RBC Capital maintained a Buy rating on TransAlta, with a price target of C$24.00. The company’s shares closed last Wednesday at $12.79.

According to TipRanks.com, Choy is a 5-star analyst with an average return of 17.4% and a 80.7% success rate. Choy covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Fortis, and Emera. ;'>

Currently, the analyst consensus on TransAlta is a Strong Buy with an average price target of $16.87.

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