TransAlta (TA) PT Raised to C$9.50 at National Bank Financial

TransAlta (TSE:TA) (NYSE:TAC) had its target price increased by research analysts at National Bank Financial from C$9.00 to C$9.50 in a research note issued on Thursday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 19.50% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on TA. Scotiabank set a C$8.00 price objective on shares of TransAlta and gave the stock a “sector perform” rating in a report on Friday, August 11th. Royal Bank Of Canada upped their price objective on shares of TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Hold” and an average price target of C$8.57.

TransAlta (TSE TA) traded up C$0.31 during trading on Thursday, hitting C$7.95. 1,504,116 shares of the stock traded hands, compared to its average volume of 537,767. TransAlta has a fifty-two week low of C$6.88 and a fifty-two week high of C$8.50.

In other news, insider David Fuller bought 9,832 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was purchased at an average price of C$47.98 per share, with a total value of C$471,739.36.

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About TransAlta

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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