UBS Group Forecasts Strong Price Appreciation for Talen Energy (NASDAQ:TLN) Stock

Talen Energy (NASDAQ:TLN) had its price target lifted by analysts at UBS Group from $197.00 to $242.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the utilities provider’s stock. UBS Group’s target price would suggest a potential upside of 20.74% from the stock’s current price.

A number of other brokerages have also recently commented on TLN. Jefferies Financial Group began coverage on shares of Talen Energy in a report on Friday, September 13th. They issued a “buy” rating and a $226.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price for the company. Oppenheimer increased their target price on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Royal Bank of Canada initiated coverage on Talen Energy in a research report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price target on the stock. Finally, BWS Financial increased their price objective on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy presently has a consensus rating of “Buy” and an average target price of $210.33.

Talen Energy Stock Performance

NASDAQ TLN opened at $200.43 on Friday. The company has a fifty day moving average of $149.91 and a two-hundred day moving average of $113.48. The company has a market capitalization of $10.22 billion and a PE ratio of 10.73. Talen Energy has a 1 year low of $53.03 and a 1 year high of $217.79. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86.

Institutional Trading of Talen Energy

A number of institutional investors have recently added to or reduced their stakes in TLN. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy during the 3rd quarter worth $36,000. Spirit of America Management Corp NY acquired a new position in Talen Energy during the third quarter worth about $214,000. World Equity Group Inc. purchased a new stake in shares of Talen Energy in the third quarter valued at about $237,000. Point72 Hong Kong Ltd acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $257,000. Finally, Shikiar Asset Management Inc. purchased a new position in shares of Talen Energy during the 2nd quarter worth approximately $278,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Company Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.