TransAlta Co. (TSE:TA) (NYSE:TAC) had its target price upped by investment analysts at TD Securities from C$7.00 to C$8.00 in a report released on Friday. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 27.80% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Scotiabank reaffirmed a “sector perform” rating and set a C$6.50 price objective on shares of TransAlta in a research report on Friday. National Bank Financial raised their price target on TransAlta from C$6.50 to C$7.50 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets raised their price target on TransAlta from C$6.50 to C$7.50 and gave the stock a “market perform” rating in a report on Friday. Royal Bank Of Canada raised their price target on TransAlta from C$6.50 to C$7.50 in a report on Friday. Finally, CIBC lowered their price target on TransAlta from C$11.00 to C$10.00 in a report on Thursday, August 25th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. TransAlta presently has an average rating of “Hold” and an average price target of C$7.42.

Analyst Recommendations for TransAlta (TSE:TA)

Shares of TransAlta (TSE:TA) traded up 14.22% on Friday, hitting $7.15. The company had a trading volume of 3,642,140 shares. The stock’s 50-day moving average is $5.76 and its 200 day moving average is $6.15. The company has a market capitalization of $2.06 billion and a price-to-earnings ratio of 41.81. TransAlta has a 52 week low of $3.60 and a 52 week high of $7.28.

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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 8,730 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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