Transalta Now Covered by Analysts at TD Securities (TA)
Equities researchers at TD Securities started coverage on shares of Transalta (TSE:TA) in a research report issued on Monday, Analyst Ratings News reports. The firm set a “hold” rating and a C$11.00 price target on the stock. TD Securities’ price target would indicate a potential downside of 23.88% from the company’s current price.
Shares of Transalta (TSE:TA) traded up 0.98% during mid-day trading on Monday, hitting $14.45. 583,126 shares of the company’s stock traded hands. Transalta has a 52 week low of $12.80 and a 52 week high of $16.89. The stock’s 50-day moving average is $13.86 and its 200-day moving average is $14.42. The company has a market cap of $3.848 billion and a price-to-earnings ratio of 26.02.
TA has been the subject of a number of other recent research reports. Analysts at National Bank Financial initiated coverage on shares of Transalta in a research note to investors on Tuesday, September 10th. They set a “sector perform” rating and a C$10.75 price target on the stock. Separately, analysts at CIBC raised their price target on shares of Transalta from C$15.00 to C$15.50 in a research note to investors on Tuesday, August 13th. They now have a “sector perform” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Transalta from C$15.50 to C$15.00 in a research note to investors on Monday, August 12th. They now have a “market perform” rating on the stock. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$13.38.
TransAlta Corporation (TSE:TA), is engaged in the production and sale of electric energy.
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