TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) had its price target raised by stock analysts at Royal Bank of Canada from C$14.00 to C$16.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s price target suggests a potential upside of 9.44% from the company’s previous close.
A number of other research firms also recently commented on TA. TD Securities upped 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. BMO Capital Markets upped their price target on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. Desjardins set a C$15.50 price objective on TransAlta and gave the company a “buy” rating in a research note on Wednesday, October 30th. CIBC dropped their target price on shares of TransAlta from C$16.50 to C$15.50 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Finally, National Bankshares raised their price target on shares of TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, TransAlta currently has an average rating of “Moderate Buy” and a consensus price target of C$16.17.
View Our Latest Analysis on TA
TransAlta Price Performance
Insider Buying and Selling at TransAlta
In related news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$11.45, for a total transaction of C$114,500.00. Insiders sold 30,006 shares of company stock valued at $392,973 over the last 90 days. 0.21% of the stock is owned by corporate insiders.
About TransAlta
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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