Today: Today, TransAlta Co. (TA) PT Raised to C$8.00 at TD Securities

Today, TransAlta Co. (TA) PT Raised to C$8.00 at TD Securities

TransAlta Co. (TSE:TA) (NYSE:TAC) had its price objective boosted by investment analysts at TD Securities from C$7.00 to C$8.00 in a report released on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 9.14% from the company’s current price.

Several other research firms also recently issued reports on TA. RBC Capital Markets boosted their price objective on TransAlta from C$5.50 to C$6.00 in a report on Wednesday, August 10th. FirstEnergy Capital boosted 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 target price on shares of TransAlta in a report on Wednesday, August 10th. National Bank Financial upped their target price on TransAlta from C$6.50 to C$7.50 and gave the company an “outperform” rating in a report on Friday. Finally, Royal Bank Of Canada upped their target price on TransAlta from C$6.50 to C$7.50 in a report on Friday. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$7.42.

Shares of TransAlta (TSE:TA) opened at 7.35 on Friday. The stock’s 50 day moving average is $5.85 and its 200-day moving average is $6.14. The stock has a market cap of $2.12 billion and a price-to-earnings ratio of 42.98. TransAlta has a 1-year low of $3.60 and a 1-year high of $7.39.

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