TransAlta (TA) Sets New 12-Month High at $8.36
TransAlta Co. (TSE:TA) (NYSE:TAC)’s share price reached a new 52-week high on Thursday . The company traded as high as C$8.36 and last traded at C$8.34, with a volume of 367718 shares changing hands. The stock had previously closed at C$8.23.
TA has been the topic of a number of recent analyst reports. BMO Capital Markets cut their target price on shares of TransAlta from C$8.50 to C$8.00 and set a “market perform” rating on the stock in a research note on Tuesday, December 18th. National Bank Financial dropped their price objective on shares of TransAlta from C$9.00 to C$8.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 19th. CIBC increased their price objective on shares of TransAlta from C$8.00 to C$9.00 in a research note on Thursday, February 28th. Finally, TD Securities increased their price objective on shares of TransAlta from C$8.00 to C$8.50 and gave the stock a “hold” rating in a research note on Thursday, February 28th.
The company has a market cap of $2.31 billion and a P/E ratio of -9.70. The company has a debt-to-equity ratio of 79.03, a quick ratio of 0.82 and a current ratio of 1.50.
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TransAlta Company Profile (TSE:TA)
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.
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