TransAlta Co. (TSE:TA) (NYSE:TAC) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm. Five analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$7.92.

TA has been the subject of a number of research reports. CIBC boosted their price target on shares of TransAlta from C$7.75 to C$8.00 in a research report on Wednesday, July 20th. FirstEnergy Capital lifted their price objective on shares of TransAlta from C$5.25 to C$5.75 in a research note on Wednesday, August 10th. RBC Capital Markets lifted their price objective on shares of TransAlta from C$5.50 to C$6.00 in a research note on Wednesday, August 10th. Scotiabank restated an “underperform” rating and issued a C$6.50 price objective on shares of TransAlta in a research note on Wednesday, August 10th. Finally, TD Securities dropped their price objective on shares of TransAlta from C$7.50 to C$7.00 and set a “hold” rating on the stock in a research note on Wednesday, August 10th.

TransAlta (TSE:TA) traded up 0.38% during midday trading on Wednesday, hitting $5.24. 376,452 shares of the stock traded hands. The company has a market cap of $1.51 billion and a P/E ratio of 30.64. TransAlta has a one year low of $3.60 and a one year high of $7.20. The company’s 50 day moving average is $5.79 and its 200-day moving average is $6.19.

About TransAlta

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. TransAlta is organized into seven segments: Canadian Coal, U.S.

Receive News & Stock Ratings for TransAlta Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta Co. and related stocks with our FREE daily email newsletter.