TransAlta (TA) PT Raised to C$8.00 at CSFB
TransAlta (TSE:TA) (NYSE:TAC) had its target price increased by stock analysts at CSFB from C$7.00 to C$8.00 in a research note issued on Thursday. The brokerage currently has an “underperform” rating on the stock. CSFB’s target price suggests a potential upside of 0.63% from the company’s previous close.
A number of other research analysts have also weighed in on TA. National Bank Financial increased their price target on TransAlta from C$9.00 to C$9.50 and gave the stock a “sector perform” rating in a research note on Thursday. Royal Bank Of Canada increased their price target on TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Scotiabank set a C$8.00 price target on TransAlta and gave the stock a “sector perform” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. TransAlta presently has an average rating of “Hold” and a consensus target price of C$8.57.
Shares of TransAlta (TSE TA) traded up C$0.31 during trading hours 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 52-week low of C$6.88 and a 52-week high of C$8.50.
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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