TransAlta (TSE:TA) (NYSE:TAC) had its target price hoisted by investment analysts at Scotiabank from C$8.00 to C$9.00 in a research note issued on Thursday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 13.21% from the stock’s current price.

TA has been the subject of several other reports. Royal Bank Of Canada boosted 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. National Bank Financial boosted 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. CIBC boosted their target price on TransAlta from C$8.25 to C$8.50 in a research note on Thursday. Finally, CSFB boosted 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. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of C$8.57.

Shares of TransAlta (TSE TA) traded up C$0.31 during midday 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 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 stock in a transaction dated Thursday, November 30th. The stock was acquired at an average cost of C$47.98 per share, with a total value of C$471,739.36.

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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.

Analyst Recommendations for TransAlta (TSE:TA)

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