TransAlta Co. (TSE:TA) (NYSE:TAC) received a C$8.00 price target from stock analysts at Scotiabank in a report issued on Friday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential downside of 0.25% from the stock’s current price.

TA has been the topic of several other reports. BMO Capital Markets restated a “market perform” rating and set a C$8.00 price objective on shares of TransAlta in a report on Tuesday, May 23rd. TD Securities reissued a “hold” rating and issued a C$8.00 price objective on shares of TransAlta in a research report on Friday, April 21st. Finally, National Bank Financial raised their price objective on TransAlta from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Five research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of C$8.29.

TransAlta (TA) traded down 1.12% during trading on Friday, hitting $7.93. The stock had a trading volume of 503,245 shares. The stock has a 50 day moving average price of $8.10 and a 200-day moving average price of $7.60. TransAlta has a 12 month low of $5.11 and a 12 month high of $8.50. The stock has a market cap of $2.38 billion and a price-to-earnings ratio of 75.52.

TRADEMARK VIOLATION WARNING: This piece was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at

In related news, insider Francois Gratton sold 555 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of C$45.69, for a total value of C$25,357.95.

About TransAlta

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.

Analyst Recommendations for TransAlta (TSE:TA)

Receive News & Ratings for TransAlta Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta Co. and related companies with's FREE daily email newsletter.