The stock of TransAlta Corporation (TSE:TA) is a huge mover today! About 132,955 shares traded hands. TransAlta Corporation (TSE:TA) has declined 2.68% since March 30, 2016 and is downtrending. It has underperformed by 3.90% the S&P500.
The move comes after 7 months negative chart setup for the $1.63 billion company. It was reported on Nov, 3 by Barchart.com. We have $5.39 PT which if reached, will make TSE:TA worth $97.80 million less.
TransAlta Corporation (TSE:TA) Ratings Coverage
Out of 3 analysts covering TransAlta Corporation (TSE:TA), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $14 is the highest target while $5 is the lowest. The $6.68 average target is 16.58% above today’s ($5.73) stock price. TransAlta Corporation has been the topic of 22 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Monday, August 24, the company rating was upgraded by BMO Capital Markets. The stock of TransAlta Corporation (TSE:TA) earned “Underperform” rating by IBC on Tuesday, August 25. Scotia Capital maintained the stock with “Underperform” rating in Thursday, August 11 report. RBC Capital Markets maintained it with “Outperform” rating and $13 target price in Friday, April 29 report. The company was maintained on Thursday, January 14 by National Bank Canada. The company was upgraded on Wednesday, August 26 by TD Securities. The firm earned “Sector Perform” rating on Friday, January 15 by RBC Capital Markets. The stock of TransAlta Corporation (TSE:TA) has “Sector Outperform” rating given on Thursday, July 23 by Scotia Capital. The rating was upgraded by National Bank Canada on Monday, September 28 to “Outperform”.
More notable recent TransAlta Corporation (TSE:TA) news were published by: Moodys.com which released: “Moody’s Downgrades TransAlta to Ba1; Outlook Stable” on December 17, 2015, also Business.Financialpost.com with their article: “TransAlta Corp’s path forward ‘is uncertain at best'” published on July 19, 2016, Fool.ca published: “TransAlta Corporation: This Stock Is a Buy Even After a 78% Dividend Cut” on January 20, 2016. More interesting news about TransAlta Corporation (TSE:TA) were released by: Business.Financialpost.com and their article: “TransAlta Corp downgraded at RBC, TD” published on May 04, 2016 as well as Fool.ca‘s news article titled: “Is Warren Buffett Thinking of Buying TransAlta Corporation?” with publication date: January 28, 2016.
TransAlta Corporation is a non-regulated electricity generation and energy marketing firm with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The company has a market cap of $1.63 billion. The Firm is engaged in the production and sale of electric energy. It has a 9.66 P/E ratio. TransAlta is organized into seven divisions: Canadian Coal, U.S.
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