Royal Bank Of Canada Raises TransAlta (TA) Price Target to C$9.00
TransAlta (TSE:TA) (NYSE:TAC) had its target price lifted by analysts at Royal Bank Of Canada from C$8.00 to C$9.00 in a research note issued to investors on Thursday. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 13.21% from the company’s previous close.
Separately, Scotiabank set a C$8.00 target price on TransAlta and gave the company a “sector perform” rating in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. TransAlta has an average rating of “Hold” and a consensus target price of C$8.57.
Shares of TransAlta (TA) traded up C$0.31 during mid-day trading on Thursday, reaching C$7.95. The company’s stock had a trading volume of 1,504,116 shares, compared to its average volume of 537,767. TransAlta has a 12 month low of C$6.88 and a 12 month high of C$8.50.
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TransAlta Company Profile
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.
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