TransAlta Co. (TSE:TA) (NYSE:TAC) was up 5.1% during mid-day trading on Wednesday . The company traded as high as C$7.04 and last traded at C$7.03. Approximately 987,048 shares traded hands during mid-day trading, an increase of 130% from the average daily volume of 429,809 shares. The stock had previously closed at C$6.69.
A number of equities research analysts recently issued reports on TA shares. BMO Capital Markets decreased their price objective on shares of TransAlta from C$8.00 to C$7.50 in a report on Tuesday, February 6th. CIBC upped their price objective on shares of TransAlta from C$8.25 to C$8.50 in a report on Thursday, December 7th. Scotiabank upgraded shares of TransAlta from a “sector perform” rating to an “outperform” rating and set a C$9.00 price objective for the company in a report on Wednesday. National Bank Financial upped their price objective on shares of TransAlta from C$9.00 to C$9.50 and gave the stock a “sector perform” rating in a report on Thursday, December 7th. Finally, Royal Bank of Canada upped their price objective on shares of TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. TransAlta presently has a consensus rating of “Hold” and a consensus target price of C$8.29.
The stock has a market capitalization of $2,020.00, a price-to-earnings ratio of 119.17 and a beta of 0.28.
ILLEGAL ACTIVITY NOTICE: “TransAlta (TA) Trading Up 5.1%” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3228700/transalta-ta-trading-up-5-1.html.
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.
Receive News & Ratings for TransAlta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta and related companies with MarketBeat.com's FREE daily email newsletter.