National Bank Financial Boosts TransAlta (TA) Price Target to C$9.50

TransAlta (TSE:TA) (NYSE:TAC) had its price target boosted by National Bank Financial from C$9.00 to C$9.50 in a research report sent to investors on Thursday morning. They currently have a sector perform rating on the stock.

A number of other equities research analysts have also recently weighed in on TA. Scotiabank set a C$8.00 price objective on TransAlta and gave the company a sector perform rating in a research note on Friday, August 11th. Royal Bank Of Canada lifted their price objective on TransAlta from C$8.00 to C$9.00 and gave the company a sector perform rating in a research note on Thursday. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. TransAlta presently has a consensus rating of Hold and an average price target of C$8.57.

Shares of TransAlta (TSE TA) opened at C$7.82 on Thursday. TransAlta has a 1 year low of C$6.88 and a 1 year high of C$8.50.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.05%. TransAlta’s payout ratio is presently 266.67%.

In other news, insider David Fuller acquired 9,832 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was acquired at an average cost of C$47.98 per share, with a total value of C$471,739.36.

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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 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.

Analyst Recommendations for TransAlta (TSE:TA)

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