Trade Report: Today, TransAlta Co. (TA) Price Target Raised to C$7.50

Today, TransAlta Co. (TA) Price Target Raised to C$7.50

TransAlta Co. (TSE:TA) (NYSE:TAC) had its price target hoisted by investment analysts at National Bank Financial from C$6.50 to C$7.50 in a research report issued on Friday, StockTargetPrices.com reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 19.81% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on TA. FirstEnergy Capital upped their price objective on shares of TransAlta from C$5.25 to C$5.75 in a research note on Wednesday, August 10th. RBC Capital Markets increased their price target on shares of TransAlta from C$5.50 to C$6.00 in a research report on Wednesday, August 10th. Scotiabank reissued an “underperform” rating and set a C$6.50 price target on shares of TransAlta in a research report on Wednesday, August 10th. TD Securities dropped their price target on shares of TransAlta from C$7.50 to C$7.00 and set a “hold” rating for the company in a research report on Wednesday, August 10th. Finally, Royal Bank Of Canada increased their price target on shares of TransAlta from C$5.50 to C$6.00 in a research report on Thursday, August 11th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$7.42.

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

TransAlta Company Profile

Related posts

Leave a Comment