TransAlta (TA) Lifted to Outperform at Scotiabank
Scotiabank upgraded shares of TransAlta (TSE:TA) (NYSE:TAC) from a sector perform rating to an outperform rating in a report issued on Wednesday morning. Scotiabank currently has C$9.00 target price on the stock.
Other analysts also recently issued research reports about the company. BMO Capital Markets dropped their price target on TransAlta from C$8.00 to C$7.50 in a research note on Tuesday, February 6th. CIBC lifted their target price on TransAlta from C$8.25 to C$8.50 in a research report on Thursday, December 7th. National Bank Financial lifted their target price on TransAlta from C$9.00 to C$9.50 and gave the company a sector perform rating in a research report on Thursday, December 7th. CSFB lifted their target price on TransAlta from C$7.00 to C$8.00 and gave the company an underperform rating in a research report on Thursday, December 7th. Finally, Royal Bank of Canada lifted their target price on TransAlta from C$8.00 to C$9.00 and gave the company a sector perform rating in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of C$8.29.
Shares of TransAlta (TSE:TA) opened at C$7.45 on Wednesday. TransAlta has a 12 month low of C$6.31 and a 12 month high of C$8.50. The stock has a market capitalization of $2,090.00, a PE ratio of 124.17 and a beta of 0.20.
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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.
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