TransAlta Co. (TSE:TA) had its price target lowered by stock analysts at CIBC from C$9.00 to C$7.50 in a research report issued on Monday, AnalystRatings.NET reports. CIBC’s price target indicates a potential upside of 52.44% from the company’s current price.

Shares of TransAlta (TSE:TA) traded down 1.02% during trading on Monday, reaching $4.87. 477,213 shares of the company’s stock traded hands. TransAlta has a 52-week low of $3.70 and a 52-week high of $12.50. The company has a market cap of $1.38 billion and a price-to-earnings ratio of 7.61. The company’s 50-day moving average is $4.48 and its 200 day moving average is $6.09.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets lowered their price target on TransAlta from C$9.50 to C$8.00 in a report on Tuesday, January 12th. TD Securities lowered their price target on TransAlta from C$10.00 to C$9.00 and set a “buy” rating for the company in a report on Monday, November 2nd. RBC Capital lowered their price target on TransAlta from C$9.00 to C$6.00 and set an “underperform” rating for the company in a report on Monday, November 2nd. S&P Equity Research reissued a “hold” rating and issued a C$8.00 price target on shares of TransAlta in a report on Monday, January 18th. Finally, National Bank Financial lowered their price target on TransAlta from C$10.00 to C$9.00 and set a “sector perform” rating for the company in a report on Monday, November 2nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. TransAlta currently has a consensus rating of “Hold” and an average price target of C$8.19.

TransAlta Corporation (TSE:TA) is engaged in the production and sale of electric energy. The Company is organized into three business segments: Generation, Energy Marketing and Corporate. The Generation segment is responsible for constructing, operating and maintaining the Company’s electricity generation, as well as the operation and maintenance of its related mining operations in Canada. The Energy Marketing segment is responsible for marketing its production through short-term and long-term contracts. The Energy Marketing segment also encompasses the management of available generating capacity, as well as the fuel and transmission needs of the Generation business. The Corporate segment provides finance, tax, treasury, legal, regulatory, environmental, health and safety, sustainable development, corporate communications, government and investor relations, procurement, information technology, risk management, human resources, internal audit and other administrative services.

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