Royal Bank Of Canada Increases TransAlta (TA) Price Target to C$9.00

TransAlta (TSE:TA) (NYSE:TAC) had its price target increased by Royal Bank Of Canada from C$8.00 to C$9.00 in a research report sent to investors on Thursday. Royal Bank Of Canada currently has a sector perform rating on the stock.

Separately, Scotiabank set a C$8.00 price objective on TransAlta and gave the stock a sector perform rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of Hold and a consensus target price of C$8.57.

Shares of TransAlta (TSE:TA) opened at C$7.82 on Thursday. TransAlta has a 12-month low of C$6.88 and a 12-month high of C$8.50.

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

In other TransAlta news, insider David Fuller acquired 9,832 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were acquired at an average price of C$47.98 per share, for a total transaction 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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