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11 TSX companies that can be resilient in an economic downturn

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We are looking for companies that could be unfazed by an economic downturn

is a diversified energy company known for producing electricity generated from natural gas, coal, hydro and wind. The company has increased its annualized dividend by a noteworthy 9.2 per cent over the past three years. With a P/E ratio of 13.9, TransAlta’s stock valuation appears reasonable, potentially offering investors an attractive entry point. Moreover, the company’s two-year sales growth of 51 per cent underscores its ability to expand revenues.

Investors are advised to do further research before investing in any of the companies listed in the accompanying table.For more details about these stocks, subscribe to the Inovestor for Advisors platform for free. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.

 

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