Today: TransAlta Co. (TA) Price Target Raised to C$7.50 at BMO Capital Markets

Today: TransAlta Co. (TA) Price Target Raised to C$7.50 at BMO Capital Markets

TransAlta Co. (TSE:TA) (NYSE:TAC) had its target price raised by BMO Capital Markets from C$6.50 to C$7.50 in a research report sent to investors on Friday. BMO Capital Markets currently has a market perform rating on the stock.

A number of other research firms have also commented on TA. CIBC reduced their price target on shares of TransAlta from C$11.00 to C$10.00 in a research report on Thursday, August 25th. Scotiabank restated a sector perform rating and issued a C$6.50 price target on shares of TransAlta in a research report on Monday, November 7th. RBC Capital Markets boosted their price target on shares of TransAlta from C$5.50 to C$6.00 in a research report on Wednesday, August 10th. Royal Bank Of Canada boosted their price target on shares of TransAlta from C$5.50 to C$6.00 in a research report on Thursday, August 11th. Finally, TD Securities reduced their price target on shares of TransAlta from C$7.50 to C$7.00 and set a hold rating on the stock in a research report on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of C$7.42.

Shares of TransAlta (TSE:TA) opened at 7.33 on Friday. TransAlta has a one year low of $3.60 and a one year high of $7.39. The company’s 50-day moving average is $5.80 and its 200-day moving average is $6.15. The company has a market capitalization of $2.11 billion and a PE ratio of 42.87.

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