TransAlta (TA) Gets a Hold Rating from CIBC
A Wall Street analyst has provided a review for the Utilities company yesterday, but retained the same rating on the stock. Analyst Mark Jarvi from CIBC rated TransAlta (TA) a Hold, setting a C$10 price target.
According to TipRanks.com, Jarvi is a 2-star analyst with an average return of 0.1% and a 54.9% success rate. Jarvi covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities Corp, Just Energy Group Inc, and Fortis Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for TransAlta with a C$10 average price target.
TransAlta’s market cap is currently C$2.42B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.25.
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 on Friday at C$8.51.