Scotiabank Cuts TransAlta Co. (TA) Price Target to C$7.50
TransAlta Co. (TSE:TA) (NYSE:TAC) had its price target cut by equities researchers at Scotiabank from C$8.50 to C$7.50 in a research note issued on Thursday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 2.04% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada boosted their target price on shares of TransAlta from C$6.00 to C$8.00 and gave the stock a “sector perform” rating in a report on Thursday. National Bank Financial raised shares of TransAlta from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Thursday, November 24th. TD Securities reissued a “hold” rating and set a C$7.00 target price on shares of TransAlta in a report on Monday, November 7th. RBC Capital Markets boosted their target price on shares of TransAlta from C$5.50 to C$6.00 in a report on Wednesday, August 10th. Finally, BMO Capital Markets boosted their target price on shares of TransAlta from C$6.50 to C$7.50 and gave the stock a “market perform” rating in a report on Friday, November 25th. Six research analysts have rated the stock with a hold rating, TransAlta has a consensus rating of “Hold” and a consensus price target of C$7.58.
Shares of TransAlta (TSE:TA) opened at 7.35 on Thursday. The firm has a 50-day moving average of $5.85 and a 200 day moving average of $6.14. TransAlta has a 12-month low of $3.60 and a 12-month high of $7.39. The firm has a market capitalization of $2.12 billion and a price-to-earnings ratio of 42.98.
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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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