Barclays Boosts Talen Energy (NASDAQ:TLN) Price Target to $245.00

Talen Energy (NASDAQ:TLN) had its target price upped by equities research analysts at Barclays from $202.00 to $245.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective would suggest a potential upside of 18.10% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada initiated coverage on shares of Talen Energy in a research note on Thursday, September 26th. They set an “outperform” rating and a $233.00 price target for the company. Daiwa Capital Markets started coverage on Talen Energy in a report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price objective for the company. Oppenheimer lifted their target price on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Jefferies Financial Group initiated coverage on Talen Energy in a research note on Friday, September 13th. They issued a “buy” rating and a $226.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective for the company. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $222.40.

Talen Energy Stock Performance

Talen Energy stock opened at $207.46 on Friday. The business has a 50 day moving average of $187.01 and a 200-day moving average of $132.79. The company has a market capitalization of $10.55 billion and a P/E ratio of 11.11. Talen Energy has a 1 year low of $58.28 and a 1 year high of $230.89. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in Talen Energy in the third quarter valued at $36,000. Spirit of America Management Corp NY acquired a new stake in shares of Talen Energy in the 3rd quarter valued at about $214,000. World Equity Group Inc. bought a new stake in Talen Energy in the 3rd quarter valued at about $237,000. Point72 Hong Kong Ltd bought a new stake in Talen Energy in the 3rd quarter valued at about $257,000. Finally, Tidal Investments LLC acquired a new position in Talen Energy during the 3rd quarter worth approximately $304,000. Institutional investors and hedge funds 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.