TransAlta (TSE:TA) (NYSE:TAC) had its target price boosted by analysts at National Bank Financial from C$9.00 to C$9.50 in a research report issued on Thursday, December 7th. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 27.86% from the company’s previous close.
TA has been the subject of several other reports. Scotiabank set a C$8.00 target price on shares of TransAlta and gave the company a “sector perform” rating in a research note on Friday, August 11th. Royal Bank of Canada raised their target price on shares of TransAlta from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of C$8.57.
Shares of TransAlta (TA) traded down C$0.02 during mid-day trading on Thursday, reaching C$7.43. 609,692 shares of the company traded hands, compared to its average volume of 494,346. The stock has a market capitalization of $2,140.00, a price-to-earnings ratio of 123.83 and a beta of 0.42. TransAlta has a 12 month low of C$6.88 and a 12 month high of C$8.50.
In other TransAlta news, insider David Fuller bought 9,832 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average cost of C$47.98 per share, for a total transaction of C$471,739.36. Also, insider John Harry Kousinioris bought 18,800 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of C$7.49 per share, with a total value of C$140,812.00. Insiders have bought 38,932 shares of company stock valued at $692,788 over the last quarter.
TransAlta Company Profile
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.
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