Several other research firms have also recently issued reports on TA. National Bank Financial boosted their target price on TransAlta from C$9.00 to C$9.50 and gave the stock a sector perform rating in a research report on Thursday. Scotiabank set a C$8.00 target price on TransAlta and gave the stock a sector perform rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada boosted their target price on TransAlta from C$8.00 to C$9.00 and gave the stock a sector perform rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock has an average rating of Hold and a consensus target price of C$8.57.
Shares of TransAlta (TSE TA) opened at C$7.82 on Thursday. 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 company’s stock in a transaction on Thursday, November 30th. The shares were bought at an average price of C$47.98 per share, for a total transaction of C$471,739.36.
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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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