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RBC Capital Markets announced Transalta Corp (TSE:TA), bumping up its stock price target to $8.00 today

Displaying a price of $7.35, Transalta Corp (TSE:TA) traded 1.10% higher on the day. The last stock close price is up 19.12% from the 200-day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. TA has recorded a 50-day moving average of $5.85 and a 200-day moving average of $6.14. 272,420 shares of TA traded hands, down from an average trading volume of 797,308

In a report announced on Wednesday November 30, 2016 RBC Capital Markets upped the price target of Transalta Corp (TSE:TA) from $6.00 to $8.00 stating a potential upside of 0.09%.

On 11/25/2016, BMO Capital Markets released a statement for Transalta Corp (TSE:TA) bumped up the target price from $6.50 to $7.50 that suggested an upside of 0.05%.

Recent Performance Chart

Transalta Corp (TSE:TA)

Transalta Corp has 52 week low of $3.60 and a 52 week high of $7.39 with a PE ratio of 42.81 and has a market capitalization of $0.

In addition to RBC Capital Markets reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $5.07 with 0 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 8 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On 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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