TransAlta Co. (TSE:TA) (NYSE:TAC) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$8.38.
A number of equities analysts have recently weighed in on the company. CIBC increased their target price on TransAlta from C$8.00 to C$8.50 in a research note on Tuesday, August 7th. BMO Capital Markets increased their target price on TransAlta from C$7.50 to C$8.50 in a research note on Tuesday, September 11th. Finally, National Bank Financial increased their target price on TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 7th.
TSE:TA opened at C$6.91 on Friday. TransAlta has a 12-month low of C$6.31 and a 12-month high of C$8.18.
In other news, insider Douglas French bought 1,000 shares of the stock in a transaction dated Monday, August 20th. The shares were bought at an average price of C$48.51 per share, for a total transaction of C$48,510.00.
TransAlta Company Profile
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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