TransAlta Co. (TA) Downgraded by National Bank Financial to “Sector Perform”

National Bank Financial lowered shares of TransAlta Co. (TSE:TA) (NYSE:TAC) from an outperform rating to a sector perform rating in a research note published on Monday morning. National Bank Financial currently has C$8.50 price objective on the stock, down from their previous price objective of C$9.00.

Several other research analysts have also recently commented on the stock. TD Securities restated a hold rating and set a C$7.00 target price on shares of TransAlta in a report on Monday, November 7th. Scotiabank restated a sector perform rating and set a C$6.50 target price on shares of TransAlta in a report on Monday, November 7th. Royal Bank Of Canada increased their target price on shares of TransAlta from C$6.50 to C$7.50 and gave the stock a sector perform rating in a report on Friday, November 25th. BMO Capital Markets increased their price target on shares of TransAlta from C$6.50 to C$7.50 and gave the company a market perform rating in a research note on Friday, November 25th. Finally, CSFB set a C$7.00 price target on shares of TransAlta in a research note on Friday, December 30th. Five investment analysts have rated the stock with a hold rating, TransAlta has an average rating of Hold and a consensus price target of C$7.67.

Analyst Recommendations for TransAlta (TSE:TA)

TransAlta (TSE:TA) opened at 7.71 on Monday. The company’s 50 day moving average is $7.68 and its 200-day moving average is $6.51. TransAlta has a 1-year low of $4.80 and a 1-year high of $8.12. The firm has a market cap of $2.22 billion and a price-to-earnings ratio of 45.09.

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TransAlta Company Profile

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.

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