TransAlta Co. (TA) Price Target Raised to C$7.50
TransAlta Co. (TSE:TA) (NYSE:TAC) had its price target lifted by BMO Capital Markets from C$6.50 to C$7.50 in a research note released on Friday. They currently have a market perform rating on the stock.
Several other equities research analysts have also recently weighed in on the stock. TD Securities reaffirmed a hold rating and set a C$7.00 price objective on shares of TransAlta in a research report on Monday, November 7th. Scotiabank reaffirmed a sector perform rating and set a C$6.50 price objective on shares of TransAlta in a research report on Monday, November 7th. Royal Bank Of Canada upped their price objective on shares of TransAlta from C$6.50 to C$7.50 in a research report on Friday, November 25th. CIBC cut their price objective on shares of TransAlta from C$11.00 to C$10.00 in a research report 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 report on Wednesday, August 10th. Six analysts have rated the stock with a hold rating, TransAlta presently has a consensus rating of Hold and an average price target of C$7.42.
Shares of TransAlta (TSE:TA) opened at 7.24 on Friday. The firm has a market cap of $2.08 billion and a PE ratio of 42.34. TransAlta has a 12 month low of $3.60 and a 12 month high of $7.39. The stock’s 50 day moving average is $5.85 and its 200 day moving average is $6.14.
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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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