National Bank Financial upgraded shares of TransAlta Co. (TSE:TA) (NYSE:TAC) from a sector perform market weight rating to an outperform market weight rating in a research note published on Thursday.

Several other equities analysts also recently commented on the company. TD Securities upped their price objective on TransAlta from C$7.00 to C$8.00 and gave the company a hold rating in a research report on Friday. Scotiabank reissued a sector perform rating and set a C$6.50 price target on shares of TransAlta in a research report on Friday. BMO Capital Markets increased their price target on TransAlta from C$6.50 to C$7.50 and gave the stock a market perform rating in a research report on Friday. Royal Bank Of Canada increased their price target on TransAlta from C$6.50 to C$7.50 in a research report on Friday. Finally, CIBC dropped their price target on TransAlta from C$11.00 to C$10.00 in a research report on Thursday, August 25th. Six investment analysts have rated the stock with a hold rating, The stock has an average rating of Hold and an average target price of C$7.42.

Analyst Recommendations for TransAlta (TSE:TA)

TransAlta (TSE:TA) traded down 0.96% during midday trading on Thursday, reaching $7.24. The company had a trading volume of 594,040 shares. The company has a market capitalization of $2.08 billion and a P/E ratio of 42.34. The firm has a 50-day moving average of $5.85 and a 200 day moving average of $6.14. TransAlta has a 1-year low of $3.60 and a 1-year high of $7.39.

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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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