RBC Capital Keeps Their Hold Rating on TransAlta (TA)

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the TransAlta (TAResearch Report). TransAlta (TSX: TA), the Utilities sector company has received a rating update from a Wall Street analyst on August 9.

Kwan has an average return of 7.8% when recommending TransAlta.

According to TipRanks.com, Kwan is ranked #118 out of 5239 analysts.

TransAlta has an analyst consensus of Hold, with a price target consensus of C$10, representing a 19.6% upside. In a report released yesterday, National Bank also maintained a Hold rating on the stock with a C$10 price target.

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The company has a one-year high of C$10.14 and a one-year low of C$5.44. Currently, TransAlta has an average volume of 630.8K.

TransAlta Corp. engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind & Solar, Hydro, Energy Marketing and Corporate.

The company’s shares closed last Wednesday at C$8.29.