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

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

Other equities research analysts have also recently issued reports about the company. RBC Capital Markets lifted their price objective on TransAlta from C$5.50 to C$6.00 in a report on Wednesday, August 10th. FirstEnergy Capital lifted their price objective on TransAlta from C$5.25 to C$5.75 in a report on Wednesday, August 10th. Scotiabank reiterated an “underperform” rating and issued a C$6.50 price objective on shares of TransAlta in a report on Wednesday, August 10th. TD Securities lowered their price objective on TransAlta from C$7.50 to C$7.00 and set a “hold” rating on the stock in a report on Wednesday, August 10th. Finally, CIBC lowered their price objective on TransAlta from C$11.00 to C$10.00 in a report on Thursday, August 25th. Seven analysts have rated the stock with a hold rating, TransAlta has an average rating of “Hold” and a consensus price target of C$7.08.

Shares of TransAlta (TSE:TA) traded up 13.26% during midday trading on Friday, hitting $7.09. The stock had a trading volume of 2,847,582 shares. TransAlta has a 52-week low of $3.60 and a 52-week high of $7.20. The firm has a market cap of $2.04 billion and a price-to-earnings ratio of 41.46. The firm’s 50 day moving average price is $5.76 and its 200 day moving average price is $6.15.

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