Is TransAlta Corporation’s Fuel For Real? The Stock Just Has Upped Again

 Is TransAlta Corporation's Fuel For Real? The Stock Just Has Upped Again

The stock of TransAlta Corporation (TSE:TA) is a huge mover today! About 216,992 shares traded hands. TransAlta Corporation (TSE:TA) has risen 12.07% since April 26, 2016 and is uptrending. It has outperformed by 6.85% the S&P500.
The move comes after 9 months positive chart setup for the $2.08 billion company. It was reported on Nov, 30 by We have $7.99 PT which if reached, will make TSE:TA worth $187.20 million more.

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 -1.09% below today’s ($7.33) stock price. TransAlta Corporation has been the topic of 27 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Monday, August 24 by BMO Capital Markets. RBC Capital Markets maintained TransAlta Corporation (TSE:TA) rating on Friday, April 29. RBC Capital Markets has “Outperform” rating and $13 price target. As per Thursday, August 11, the company rating was maintained by Scotia Capital. The stock of TransAlta Corporation (TSE:TA) has “Sector Outperform” rating given on Thursday, July 23 by Scotia Capital. The stock of TransAlta Corporation (TSE:TA) earned “Sector Perform” rating by RBC Capital Markets on Friday, January 15. As per Tuesday, August 25, the company rating was upgraded by IBC. TD Securities upgraded TransAlta Corporation (TSE:TA) rating on Wednesday, August 26. TD Securities has “Hold” rating and $10 price target. Scotia Capital maintained it with “Sector Perform” rating and $6.50 target price in Friday, November 25 report. National Bank Canada upgraded the stock to “Outperform” rating in Monday, September 28 report. The firm has “Sector Perform” rating given on Thursday, January 14 by National Bank Canada.

More recent TransAlta Corporation (TSE:TA) news were published by: which released: “TransAlta Corporation: Could This Stock Double in 2017?” on November 29, 2016. Also published the news titled: “Why TransAlta Corporation and Capital Power Corp. Exploded Higher Today” on November 25, 2016.‘s news article titled: “TransAlta Corporation: Time to Buy This Stock?” with publication date: November 24, 2016 was also an interesting one.

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 $2.08 billion. The Firm is engaged in the production and sale of electric energy. It has a 2019.28 P/E ratio. TransAlta is organized into seven divisions: Canadian Coal, U.S.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment