Talen Energy Corporation (NASDAQ:TLN) Receives $205.33 Consensus Target Price from Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN) have been given an average rating of “Buy” by the nine research firms that are currently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have covered the stock in the last year is $210.33.

Several analysts recently issued reports on the company. Royal Bank of Canada initiated coverage on Talen Energy in a research note on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price target for the company. Guggenheim upped their target price on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Barclays dropped their price objective on Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. UBS Group upped their price objective on Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Oppenheimer upped their price objective on Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th.

Talen Energy Stock Performance

TLN opened at $207.49 on Tuesday. The business has a fifty day simple moving average of $151.68 and a 200 day simple moving average of $114.75. The company has a market capitalization of $10.58 billion and a PE ratio of 11.11. Talen Energy has a 1 year low of $53.36 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 Investors Weigh In On Talen Energy

Several institutional investors and hedge funds have recently made changes to their positions in TLN. Rubric Capital Management LP bought a new position in Talen Energy in the third quarter worth approximately $2,026,342,000. River Road Asset Management LLC purchased a new stake in shares of Talen Energy during the third quarter valued at approximately $277,653,000. Monarch Alternative Capital LP purchased a new stake in shares of Talen Energy during the third quarter valued at approximately $258,448,000. Mirabella Financial Services LLP purchased a new stake in shares of Talen Energy during the third quarter valued at approximately $168,108,000. Finally, Sachem Head Capital Management LP purchased a new stake in shares of Talen Energy during the third quarter valued at approximately $167,724,000. 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.