Several other analysts also recently commented on TA. National Bank Financial cut their target price on TransAlta from C$9.50 to C$8.00 and set a sector perform rating on the stock in a research note on Monday, January 29th. Scotiabank increased their target price on TransAlta from C$8.00 to C$9.00 and gave the company a sector perform rating in a research note on Thursday, December 7th. CIBC increased their target price on TransAlta from C$8.25 to C$8.50 in a research note on Thursday, December 7th. CSFB increased their target price on TransAlta from C$7.00 to C$8.00 and gave the company an underperform rating in a research note on Thursday, December 7th. Finally, Royal Bank of Canada increased their target price on TransAlta from C$8.00 to C$9.00 and gave the company a sector perform rating in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. TransAlta has an average rating of Hold and an average price target of C$8.29.
TransAlta (TSE TA) opened at C$6.51 on Tuesday. TransAlta has a 52-week low of C$6.31 and a 52-week high of C$8.50. The firm has a market capitalization of $1,870.00, a P/E ratio of 108.50 and a beta of 0.28.
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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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