00:10:46 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



TransAlta Corp
Symbol TA
Shares Issued 308,782,418
Close 2024-01-30 C$ 9.80
Market Cap C$ 3,026,067,696
Recent Sedar Documents

Globe says TransAlta maintained at "outperform"

2024-01-31 08:41 ET - In the News

The Globe and Mail reports in its Wednesday edition that RBC Dominion Securities analysts expect investors in the Canadian energy infrastructure industry to "focus even more than normal on press release outlook statements and conference call commentary rather than the results themselves." The Globe's David Leeder writes in the Eye On Equities column that the RBC analysts say in a note: "Specifically, we think funding (especially in light of lower interest rates) and capital allocation will be the most topical subjects across all companies. While we think that there is generally investor appetite for well-contracted small to medium-sized growth projects, we believe the market will take a much more cautious approach to larger initiatives." The RBC analysts have reaffirmed TransAlta at "outperform" with a $15 share target. Analysts on average target the shares at $15.28. The Globe reported on Oct. 11 and Jan. 10 that CIBC analyst Mark Jarvi was keeping his "outperformer" call on TransAlta intact. The shares could then be had for $11.74 and $10.64. The Globe reported on Nov. 23 that RBC Capital Markets analyst Maurice Choy had reaffirmed his "outperform" recommendation for TransAlta. The shares were then worth $10.91.

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