Analysts Set TransAlta Co. (TSE:TA) Price Target at C$18.71

TransAlta Co. (TSE:TA) (NYSE:TAC) has received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$18.86.

TA has been the topic of several research analyst reports. Cibc World Mkts cut shares of TransAlta from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. BMO Capital Markets lifted their target price on TransAlta from C$17.00 to C$22.00 in a report on Monday, December 16th. Royal Bank of Canada lifted their target price on TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. Scotiabank cut TransAlta from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$19.00 to C$21.00 in a report on Thursday, January 30th. Finally, CIBC cut TransAlta from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from C$17.00 to C$23.00 in a report on Wednesday, January 8th.

Insider Buying and Selling

In related news, Director John Harry Kousinioris sold 35,179 shares of TransAlta stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$20.73, for a total value of C$729,260.67. Also, Senior Officer Jane Nyla Fedoretz sold 25,000 shares of TransAlta stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$15.11, for a total value of C$377,750.00. Over the last quarter, insiders sold 204,763 shares of company stock worth $3,478,670. Corporate insiders own 0.21% of the company’s stock.

TransAlta Trading Up 0.9 %

Shares of TransAlta stock opened at C$14.89 on Friday. The company has a market capitalization of C$4.47 billion, a P/E ratio of 21.22, a P/E/G ratio of -0.07 and a beta of 0.93. The company has a debt-to-equity ratio of 229.66, a quick ratio of 0.62 and a current ratio of 0.74. The company has a fifty day moving average of C$18.60 and a 200 day moving average of C$15.00. TransAlta has a fifty-two week low of C$8.22 and a fifty-two week high of C$21.22.

About TransAlta

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.