Todays Report: Today, TransAlta Co. (TA) Price Target Increased to C$7.50 by Analysts at Royal Bank Of Canada

Today, TransAlta Co. (TA) Price Target Increased to C$7.50 by Analysts at Royal Bank Of Canada

TransAlta Co. (TSE:TA) (NYSE:TAC) had its price target boosted by research analysts at Royal Bank Of Canada from C$6.50 to C$7.50 in a research note issued to investors on Friday, StockTargetPrices.com reports. Royal Bank Of Canada’s price target points to a potential upside of 19.81% from the stock’s previous close.

TA has been the topic of a number of other research reports. Scotiabank reissued an “underperform” rating and set a C$6.50 price objective on shares of TransAlta in a report on Wednesday, August 10th. FirstEnergy Capital increased their price objective on shares of TransAlta from C$5.25 to C$5.75 in a report on Wednesday, August 10th. TD Securities reissued a “hold” rating and set a C$7.00 price objective on shares of TransAlta in a report on Monday, November 7th. RBC Capital Markets increased their price objective on shares of TransAlta from C$5.50 to C$6.00 in a report on Wednesday, August 10th. Finally, CIBC decreased their price objective on shares of TransAlta from C$11.00 to C$10.00 in a report on Thursday, August 25th. Seven equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of C$7.08.

TransAlta (TSE:TA) traded up 14.54% during midday trading on Friday, hitting $7.17. 3,076,363 shares of the stock were exchanged. TransAlta has a one year low of $3.60 and a one year high of $7.20. The firm has a market capitalization of $2.06 billion and a price-to-earnings ratio of 41.93. The company has a 50 day moving average price of $5.76 and a 200 day moving average price of $6.15.

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