TransAlta (TA) PT Raised to C$9.00 at Scotiabank

TransAlta (TSE:TA) (NYSE:TAC) had its target price boosted by Scotiabank from C$8.00 to C$9.00 in a report issued on Thursday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 13.21% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. CIBC increased their price target on shares of TransAlta from C$8.25 to C$8.50 in a research report on Thursday. CSFB increased their price target on shares of TransAlta from C$7.00 to C$8.00 and gave the company an “underperform” rating in a research report on Thursday. National Bank Financial increased their target price 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. Finally, 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 report on Thursday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. TransAlta has an average rating of “Hold” and an average target price of C$8.57.

TransAlta (TA) traded up C$0.31 on Thursday, reaching C$7.95. 1,504,116 shares of the company traded hands, compared to its average volume of 537,767. TransAlta has a one year low of C$6.88 and a one year high of C$8.50.

In other TransAlta news, insider David Fuller bought 9,832 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average price of C$47.98 per share, for a total transaction of C$471,739.36.

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About TransAlta

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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