TD Securities Increases TransAlta (TSE:TA) Price Target to C$18.00

TransAlta (TSE:TA) (NYSE:TAC) had its price objective boosted by stock analysts at TD Securities from C$16.00 to C$18.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 23.12% from the stock’s current price.

A number of other equities research analysts have also weighed in on TA. Desjardins set a C$15.50 target price on TransAlta and gave the company a “buy” rating in a research report on Wednesday, October 30th. CIBC dropped their target price on shares of TransAlta from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a report on Monday, July 22nd. National Bankshares upped their price target on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets lifted their price objective on shares of TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$16.17.

TransAlta Trading Up 0.6 %

TA opened at C$14.62 on Wednesday. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. The stock’s 50 day moving average price is C$13.50 and its 200-day moving average price is C$11.18. TransAlta has a one year low of C$8.22 and a one year high of C$15.37. The stock has a market cap of C$4.36 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of -0.07 and a beta of 0.93.

Insider Buying and Selling at TransAlta

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of C$13.92, for a total value of C$278,400.00. Over the last three months, insiders have sold 30,006 shares of company stock valued at $392,973. 0.21% of the stock is owned by insiders.

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.