TransAlta Co. (TSE:TA) (NYSE:TAC) had its price objective raised by Royal Bank Of Canada from C$6.50 to C$7.50 in a research report report published on Friday.

Several other research firms have also issued reports on TA. CIBC reduced their target price on shares of TransAlta from C$11.00 to C$10.00 in a research note on Thursday, August 25th. Scotiabank reissued a sector perform rating and issued a C$6.50 price target on shares of TransAlta in a report on Monday, November 7th. RBC Capital Markets boosted their price target on shares of TransAlta from C$5.50 to C$6.00 in a report on Wednesday, August 10th. TD Securities cut their price target on shares of TransAlta from C$7.50 to C$7.00 and set a hold rating on the stock in a report on Wednesday, August 10th. Finally, FirstEnergy Capital boosted their price target on shares of 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 given a buy rating to the company’s stock. TransAlta presently has an average rating of Hold and a consensus price target of C$7.42.

TransAlta (TSE:TA) opened at 7.33 on Friday. TransAlta has a one year low of $3.60 and a one year high of $7.39. The company’s 50-day moving average is $5.80 and its 200 day moving average is $6.15. The firm has a market cap of $2.11 billion and a PE ratio of 42.87.

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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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