TransAlta Co. (TA) Receives Consensus Rating of “Hold” from Analysts
TransAlta Co. (TSE:TA) (NYSE:TAC) has been given an average rating of “Hold” by the seven research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$8.57.
TA has been the topic of several recent analyst reports. Royal Bank Of Canada increased their target price on shares of TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research note on Thursday. National Bank Financial upped their price target on shares of TransAlta from C$9.00 to C$9.50 and gave the stock a “sector perform” rating in a research report on Thursday. Scotiabank upped their price target on shares of TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Thursday. CIBC upped their price target on shares of TransAlta from C$8.25 to C$8.50 in a research report on Thursday. Finally, CSFB upped their price target on shares of TransAlta from C$7.00 to C$8.00 and gave the stock an “underperform” rating in a research report on Thursday.
TransAlta (TSE TA) traded up C$0.31 during mid-day trading on Thursday, hitting C$7.95. 1,504,116 shares of the stock traded hands, compared to its average volume of 537,767. TransAlta has a twelve month low of C$6.88 and a twelve month high of C$8.50.
In other TransAlta news, insider David Fuller acquired 9,832 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was bought at an average price of C$47.98 per share, for a total transaction of C$471,739.36.
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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