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Transalta (TSE:TA) was downgraded by research analysts at TD Securities from a “buy” rating to a “hold” rating in a report released on Friday, AmericanBankingNews.com reports. They currently have a C$14.00 price objective on the stock, down from their previous price objective of C$16.50. TD Securities’ price target would indicate a potential upside of 1.97% from the stock’s previous close.

Shares of Transalta (TSE:TA) traded down 2.18% on Friday, hitting $13.43. 1,603,278 shares of the company’s stock traded hands. Transalta has a 52-week low of $12.80 and a 52-week high of $16.69. The stock’s 50-day moving average is $14.28 and its 200-day moving average is $13.93. The company has a market cap of $3.602 billion and a P/E ratio of 59.70.

Several other analysts have also recently commented on the stock. Analysts at Scotiabank cut their price target on shares of Transalta from C$16.00 to C$15.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at CIBC downgraded shares of Transalta from a “sector perform” rating to an “underperform” rating in a research note on Friday. They now have a C$12.00 price target on the stock, down previously from C$15.50. Finally, analysts at Canaccord Genuity downgraded shares of Transalta from a “buy” rating to a “hold” rating in a research note on Friday. They now have a C$14.00 price target on the stock, down previously from C$18.00. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$13.11.

TransAlta Corporation (TSE:TA), is engaged in the production and sale of electric energy.

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