RBC Capital Analyst Reiterates Buy Rating on TransAlta, TAC
Maurice Choy analyst at RBC Capital reiterates coverage on TransAlta (TAC) in the Utilities sector with a Buy rating. TipRanks.com has Choy rated as a 4.3 star analyst with a 86% return on investment and a 20.7% success rate. Choy has set a price target of $13.6.
TipRanks.com reports that TransAlta currently has 6 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $13.07. The target pricing ranges from a high forecast of $13.60 down to a low forecast of $10.40. TransAlta (TAC)’s last closing price was $10.82 which would put the average price target at 20.79% upside.
In addition, TradingView issued a Strong Buy rating for TAC over the next month, Barchart.com has a Weak buy rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on TAC.
Other analysts covering TAC include:
- Dariusz Lozny of Bank of America Securities issued a Hold rating with the price target of $ 10.4 on 2 weeks ago
- Benjamin Pham of BMO Capital issued a Buy rating with the price target of $ 13.6 on 1 month ago
- John Mould of TD Securities issued a Buy rating with the price target of $ 13.6 on 2 months ago
- Mark Jarvi of CIBC issued a Buy rating with the price target of $ 13.6 on 2 months ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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