TransAlta Co. (TSE:TA) (NYSE:TAC) had its price target boosted by stock analysts at BMO Capital Markets from C$6.50 to C$7.50 in a research note issued to investors on Friday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 19.81% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada boosted their price objective on TransAlta from C$6.50 to C$7.50 in a report on Friday. Scotiabank reiterated an “underperform” rating and issued a C$6.50 price objective on shares of TransAlta in a report on Wednesday, August 10th. TD Securities reiterated a “hold” rating and issued a C$7.00 price objective on shares of TransAlta in a report on Monday, November 7th. RBC Capital Markets boosted their price objective on TransAlta from C$5.50 to C$6.00 in a report on Wednesday, August 10th. Finally, FirstEnergy Capital boosted their price objective on TransAlta from C$5.25 to C$5.75 in a report on Wednesday, August 10th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$7.42.

Analyst Recommendations for TransAlta (TSE:TA)

TransAlta (TSE:TA) traded up 14.22% during midday trading on Friday, reaching $7.15. The company’s stock had a trading volume of 3,642,140 shares. The firm has a market capitalization of $2.06 billion and a PE ratio of 41.81. TransAlta has a 1-year low of $3.60 and a 1-year high of $7.28. The stock’s 50-day moving average price is $5.76 and its 200 day moving average price is $6.15.

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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.

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