TransAlta (TSE:TA) (NYSE:TAC) had its price target lifted by National Bank Financial from C$9.00 to C$9.50 in a report published on Thursday morning. National Bank Financial currently has a sector perform rating on the stock.
Other equities analysts have also recently issued reports about the stock. CIBC lifted their price target on shares of TransAlta from C$8.00 to C$9.00 in a research report on Thursday, February 28th. BMO Capital Markets lifted their price target on shares of TransAlta from C$8.00 to C$9.00 in a research report on Thursday, February 28th. TD Securities lifted their price target on shares of TransAlta from C$8.00 to C$8.50 and gave the stock a hold rating in a research report on Thursday, February 28th. Finally, CSFB raised shares of TransAlta from an underperform rating to a neutral rating and boosted their price objective for the company from C$7.00 to C$10.00 in a research report on Tuesday, March 19th. Five equities research analysts have rated the stock with a hold rating, TransAlta currently has a consensus rating of Hold and an average price target of C$8.83.
Shares of TSE TA opened at C$9.08 on Thursday. The firm has a market cap of $2.59 billion and a PE ratio of -10.51. TransAlta has a twelve month low of C$5.44 and a twelve month high of C$9.27. The company has a current ratio of 1.50, a quick ratio of 0.82 and a debt-to-equity ratio of 79.03.
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.
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