TransAlta Co. (TSE:TA) (NYSE:TAC) received a C$8.00 price objective from TD Securities in a research report issued on Friday. The firm presently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 12.20% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. CSFB set a C$7.00 price target on shares of TransAlta in a report on Friday, December 30th. BMO Capital Markets set a C$8.00 price target on shares of TransAlta in a report on Friday, December 30th. National Bank Financial set a C$9.00 price target on shares of TransAlta and gave the stock an “outperform” rating in a report on Friday, December 30th. Finally, Scotiabank increased their price target on shares of TransAlta from C$7.75 to C$8.00 and gave the stock a “sector perform” rating in a report on Monday, March 6th. Five research analysts have rated the stock with a hold rating, TransAlta has an average rating of “Hold” and an average target price of C$7.91.
Shares of TransAlta (TSE:TA) traded down 2.314% during trading on Friday, reaching $6.965. The company had a trading volume of 704,830 shares. The firm has a 50-day moving average of $7.42 and a 200 day moving average of $7.01. TransAlta has a 1-year low of $5.11 and a 1-year high of $8.12. The firm has a market capitalization of $2.01 billion and a PE ratio of 17.155.
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TransAlta Company Profile
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.
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