TransAlta (TA) Given New C$8.50 Price Target at CIBC
TransAlta (TSE:TA) (NYSE:TAC) had its target price lifted by investment analysts at CIBC from C$8.25 to C$8.50 in a research note issued to investors on Thursday. CIBC’s price objective suggests a potential upside of 6.92% from the company’s current price.
TA has been the subject of a number of other reports. CSFB increased their target price on TransAlta from C$7.00 to C$8.00 and gave the stock an “underperform” rating in a research note on Thursday. Scotiabank set a C$8.00 target price on TransAlta and gave the stock a “sector perform” rating in a research note on Friday, August 11th. National Bank Financial increased their target price on TransAlta from C$9.00 to C$9.50 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Royal Bank Of Canada increased their target price on TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. TransAlta presently has an average rating of “Hold” and an average target price of C$8.57.
Shares of TransAlta (TSE:TA) traded up C$0.31 during mid-day trading on Thursday, hitting C$7.95. The stock had a trading volume of 1,504,116 shares, compared to its average volume of 537,767. TransAlta has a fifty-two week low of C$6.88 and a fifty-two week high of C$8.50.
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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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