National Bank Financial Increases TransAlta Co. (TA) Price Target to C$7.50
TransAlta Co. (TSE:TA) (NYSE:TAC) had its price target increased by research analysts at National Bank Financial from C$6.50 to C$7.50 in a research note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 2.32% from the stock’s previous close.
Several other equities research analysts have also commented on the stock. TD Securities restated a “hold” rating and set a C$7.00 target price on shares of TransAlta in a research report on Monday, November 7th. Scotiabank reiterated a “sector perform” rating and issued a C$6.50 price objective on shares of TransAlta in a research report on Monday, November 7th. Royal Bank Of Canada boosted their target price on shares of TransAlta from C$6.50 to C$7.50 in a research note on Friday. CIBC cut their target price on shares of TransAlta from C$11.00 to C$10.00 in a research note on Thursday, August 25th. Finally, RBC Capital Markets upped their price objective on shares of TransAlta from C$5.50 to C$6.00 in a research note on Wednesday, August 10th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$7.42.
Shares of TransAlta (TSE:TA) opened at 7.35 on Friday. The firm has a market capitalization of $2.12 billion and a PE ratio of 42.98. The company’s 50-day moving average is $5.85 and its 200 day moving average is $6.14. TransAlta has a 52-week low of $3.60 and a 52-week high of $7.39.
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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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