Scotiabank upgraded shares of TransAlta (TSE:TA) (NYSE:TAC) from a sector perform rating to an outperform rating in a research note issued to investors on Wednesday. Scotiabank currently has C$9.00 price target on the stock.
A number of other research firms have also recently commented on TA. Royal Bank of Canada raised their target price on TransAlta from C$8.00 to C$9.00 and gave the company a sector perform rating in a research note on Thursday, December 7th. National Bank Financial raised their target price on TransAlta from C$9.00 to C$9.50 and gave the company a sector perform rating in a research note on Thursday, December 7th. BMO Capital Markets lowered their target price on TransAlta from C$8.00 to C$7.50 in a research note on Tuesday, February 6th. CIBC raised their target price on TransAlta from C$8.25 to C$8.50 in a research note on Thursday, December 7th. Finally, CSFB lifted their price objective on TransAlta from C$7.00 to C$8.00 and gave the company an underperform rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of C$8.29.
TransAlta (TSE TA) opened at C$7.16 on Wednesday. The company has a market capitalization of $2,060.00, a P/E ratio of 119.33 and a beta of 0.28. TransAlta has a one year low of C$6.31 and a one year high of C$8.50.
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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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