TD Securities Reiterates Hold Rating for TransAlta Co. (TA)

TransAlta Co. (TSE:TA) (NYSE:TAC)‘s stock had its “hold” rating reissued by equities researchers at TD Securities in a report issued on Friday. They presently have a C$8.00 price target on the stock. TD Securities’ price target suggests a potential upside of 15.11% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. CSFB set a C$7.00 target price on TransAlta in a research note on Friday, December 30th. National Bank Financial set a C$9.00 target price on TransAlta and gave the stock an “outperform” rating in a research note on Friday, December 30th. Scotiabank upped their target price on TransAlta from C$7.75 to C$8.00 and gave the stock a “sector perform” rating in a research note on Monday, March 6th. Finally, BMO Capital Markets set a C$8.00 target price on TransAlta in a research note on Friday, December 30th. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of C$7.91.

Analyst Recommendations for TransAlta (TSE:TA)

Shares of TransAlta (TSE:TA) traded down 2.52% during mid-day trading on Friday, hitting $6.95. The company’s stock had a trading volume of 1,303,886 shares. The company has a 50-day moving average of $7.42 and a 200 day moving average of $7.00. The company has a market cap of $2.00 billion and a price-to-earnings ratio of 17.12. TransAlta has a 1-year low of $5.11 and a 1-year high of $8.12.

TRADEMARK VIOLATION NOTICE: “TD Securities Reiterates Hold Rating for TransAlta Co. (TA)” was first published by Markets Daily and is owned by of Markets Daily. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.themarketsdaily.com/2017/04/21/transalta-co-ta-given-a-c8-00-price-target-at-td-securities.html.

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.

Receive News & Ratings for TransAlta Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply