Talen Energy (NASDAQ:TLN) Price Target Raised to $242.00

Talen Energy (NASDAQ:TLN) had its price objective upped by equities research analysts at UBS Group from $197.00 to $242.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the utilities provider’s stock. UBS Group’s target price would indicate a potential upside of 20.74% from the company’s previous close.

Several other research firms have also recently commented on TLN. Jefferies Financial Group began coverage on shares of Talen Energy in a research note on Friday, September 13th. They issued a “buy” rating and a $226.00 target price for the company. Royal Bank of Canada assumed coverage on Talen Energy in a research note on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price for the company. BWS Financial raised their price target on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Oppenheimer upped their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Finally, Barclays decreased their target price on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $210.33.

Talen Energy Stock Performance

Shares of NASDAQ TLN opened at $200.43 on Friday. The company has a 50-day simple moving average of $149.91 and a 200-day simple moving average of $113.48. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86. The company has a market cap of $10.22 billion and a PE ratio of 10.73. Talen Energy has a 12 month low of $53.03 and a 12 month high of $217.79.

Hedge Funds Weigh In On Talen Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rubric Capital Management LP purchased a new position in Talen Energy in the third quarter valued at about $2,026,342,000. River Road Asset Management LLC acquired a new stake in shares of Talen Energy in the third quarter valued at about $277,653,000. Monarch Alternative Capital LP purchased a new stake in shares of Talen Energy during the 3rd quarter valued at about $258,448,000. Mirabella Financial Services LLP acquired a new position in Talen Energy during the 3rd quarter worth approximately $168,108,000. Finally, Sachem Head Capital Management LP purchased a new position in Talen Energy in the 3rd quarter worth approximately $167,724,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

About Talen Energy

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.