TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) had its target price raised by stock analysts at Royal Bank of Canada from C$14.00 to C$16.00 in a report issued on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 9.44% from the stock’s previous close.
A number of other equities analysts also recently issued reports on TA. BMO Capital Markets increased their price target on shares of TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. Desjardins set a C$15.50 target price on shares of TransAlta and gave the company a “buy” rating in a report on Wednesday, October 30th. National Bankshares lifted their price target on shares of TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. CIBC lowered their price target on TransAlta from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Finally, TD Securities lifted their price objective on TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$16.17.
Check Out Our Latest Research Report on TransAlta
TransAlta Stock Up 0.6 %
Insider Buying and Selling
In other news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of C$13.92, for a total value of C$278,400.00. Insiders sold 30,006 shares of company stock worth $392,973 in the last ninety days. Insiders own 0.21% of the company’s stock.
TransAlta Company Profile
TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.
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