A statement released earlier today by TD Securities about Transalta Corp (TSE:TA) bumps the target price to $8.00
- Updated: December 1, 2016
Boasting a price of $7.26, Transalta Corp (TSE:TA) traded -1.50% lower on the day. With the last close up 17.82% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Transalta Corp has recorded a 50-day average of $5.85 and a two hundred day average of $6.14. Volume of trade was up over the average, with 851,649 shares of TA changing hands over the typical 797,308
TD Securities bumped up the target of Transalta Corp (TSE:TA) to $8.00 stating a potential upside of 0.10%.
On 11/30/2016, Scotia Capital released a statement on Transalta Corp (TSE:TA) bumped down the target price from $8.50 to $7.50 that suggested an upside of 0.03%.
With a total market value of $0, Transalta Corp has price-earnings ratio of 42.34 with a one year low of $3.60 and a one year high of $7.49 .
A total of 10 analysts have released a research note on TA. zero analysts rating the company a strong buy, one analyst rating the company a buy, eight analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $5.32.
More About Transalta Corp (TSE:TA)
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. TransAlta is organized into seven segments: Canadian Coal, U.S. Coal, Gas, Wind and Solar, Hydro, Energy Marketing and Corporate. The Canadian Coal, U.S. Coal, Gas, Wind and Solar, and Hydro segments are responsible for constructing, operating and maintaining its electrical generation. The Canadian Coal segment is also responsible for the operation and maintenance of the Company's related mining operations in Canada. The Energy Marketing segment is responsible for marketing its production through short-term and long-term contracts. The Company operates facilities having approximately 10,208 megawatts of aggregate generating capacity.
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