TransAlta Co. (TSE:TA) (NYSE:TAC)‘s stock had its “sector perform” rating reissued by equities research analysts at Scotiabank in a report released on Friday. They currently have a C$6.50 target price on the stock. Scotiabank’s target price would suggest a potential upside of 3.83% from the stock’s current price.

TA has been the topic of several other reports. Royal Bank Of Canada lowered TransAlta from an “outperform” rating to a “sector perform” rating and set a C$15.00 price objective on the stock. in a report on Tuesday, November 1st. FirstEnergy Capital lifted their price target on TransAlta from C$5.25 to C$5.75 in a research note on Wednesday, August 10th. BMO Capital Markets lifted their price target on TransAlta from C$6.50 to C$7.50 and gave the stock a “market perform” rating in a research note on Friday. TD Securities reaffirmed a “hold” rating and issued a C$7.00 price target on shares of TransAlta in a research note on Monday, November 7th. Finally, RBC Capital Markets lifted their price target on TransAlta from C$5.50 to C$6.00 in a research note 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 company presently has an average rating of “Hold” and an average price target of C$7.42.

Analyst Recommendations for TransAlta (TSE:TA)

TransAlta (TSE:TA) traded up 14.22% during mid-day trading on Friday, reaching $7.15. The company’s stock had a trading volume of 3,642,140 shares. The firm’s 50 day moving average price is $5.76 and its 200 day moving average price is $6.15. The stock has a market cap of $2.06 billion and a price-to-earnings ratio of 41.81. TransAlta has a 12-month low of $3.60 and a 12-month 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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