Royal Bank Of Canada Increases TransAlta (TA) Price Target to C$9.00

TransAlta (TSE:TA) (NYSE:TAC) had its price target hoisted by Royal Bank Of Canada from C$8.00 to C$9.00 in a research note issued on Thursday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 15.09% from the company’s previous close.

Separately, Scotiabank set a C$8.00 price objective on TransAlta and gave the company a “sector perform” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. TransAlta currently has an average rating of “Hold” and a consensus target price of C$8.57.

Shares of TransAlta (TSE:TA) opened at C$7.82 on Thursday. TransAlta has a 1-year low of C$6.88 and a 1-year high of C$8.50.

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

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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.

Analyst Recommendations for TransAlta (TSE:TA)

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