Could TransAlta Corporation See a Reversal After This Very Weak Session?

 Could TransAlta Corporation See a Reversal After This Very Weak Session?

The stock of TransAlta Corporation (TSE:TA) is a huge mover today! About 758,880 shares traded hands. TransAlta Corporation (TSE:TA) has risen 16.53% since April 22, 2016 and is uptrending. It has outperformed by 10.52% the S&P500.
The move comes after 8 months negative chart setup for the $2.42 billion company. It was reported on Nov, 28 by Barchart.com. We have $6.95 PT which if reached, will make TSE:TA worth $72.60M less.

TransAlta Corporation (TSE:TA) Ratings Coverage

Out of 4 analysts covering TransAlta Corporation (TSE:TA), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $14 is the highest target while $5 is the lowest. The $7.25 average target is 1.12% above today’s ($7.17) stock price. TransAlta Corporation has been the topic of 27 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, January 15. The rating was maintained by Scotia Capital on Thursday, July 23 with “Sector Outperform”. TD Securities upgraded the shares of TA in a report on Wednesday, August 26 to “Hold” rating. The company was maintained on Friday, November 25 by Scotia Capital. IBC upgraded the stock to “Underperform” rating in Tuesday, August 25 report. The rating was maintained by Scotia Capital with “Underperform” on Thursday, August 11. The stock has “Outperform” rating given by RBC Capital Markets on Friday, April 29. On Thursday, January 14 the stock rating was maintained by National Bank Canada with “Sector Perform”. The company was upgraded on Monday, August 24 by BMO Capital Markets. The stock has “Outperform” rating given by National Bank Canada on Monday, September 28.

More news for TransAlta Corporation (TSE:TA) were recently published by: Fool.ca, which released: “Why TransAlta Corporation and Capital Power Corp. Exploded Higher Today” on November 25, 2016. Fool.ca‘s article titled: “TransAlta Corporation: Time to Buy This Stock?” and published on November 24, 2016 is yet another important article.

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 $2.42 billion. The Firm is engaged in the production and sale of electric energy. It has a 1975.21 P/E ratio. TransAlta is organized into seven divisions: Canadian Coal, U.S.

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