Trade Report: Today, TransAlta Co. (TA) Given New C$8.00 Price Target at TD Securities

Today, TransAlta Co. (TA) Given New C$8.00 Price Target at TD Securities

TransAlta Co. (TSE:TA) (NYSE:TAC) had its target price increased by investment analysts at TD Securities from C$7.00 to C$8.00 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 27.80% from the stock’s previous close.

A number of other analysts also recently commented on TA. National Bank Financial boosted their target price on TransAlta from C$6.50 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday. Scotiabank reiterated a “sector perform” rating and set a C$6.50 target price on shares of TransAlta in a research report on Friday. BMO Capital Markets boosted their target price on TransAlta from C$6.50 to C$7.50 and gave the stock a “market perform” rating in a research report on Friday. FirstEnergy Capital boosted their target price on TransAlta from C$5.25 to C$5.75 in a research report on Wednesday, August 10th. Finally, RBC Capital Markets boosted their target price on TransAlta from C$5.50 to C$6.00 in a research report on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$7.42.

Shares of TransAlta (TSE:TA) traded up 14.22% during mid-day trading on Friday, hitting $7.15. The company had a trading volume of 3,864,114 shares. TransAlta has a 12 month low of $3.60 and a 12 month high of $7.28. The firm has a 50-day moving average of $5.76 and a 200-day moving average of $6.15. The company has a market cap of $2.06 billion and a PE ratio of 41.81.

TransAlta Company Profile

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