TransAlta (TSE:TA) (NYSE:TAC) had its price target lifted by National Bank Financial from C$9.00 to C$9.50 in a report released on Thursday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 19.50% from the stock’s current price.

Several other brokerages also recently weighed in on TA. 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. Royal Bank Of Canada raised their target price on TransAlta from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$8.57.

Shares of TransAlta (TSE TA) traded up C$0.31 during 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 12 month low of C$6.88 and a 12 month high of C$8.50.

In other news, insider David Fuller purchased 9,832 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was acquired at an average cost of C$47.98 per share, for a total transaction 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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