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

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$18.71.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. Scotiabank lowered TransAlta from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$19.00 to C$21.00 in a report on Thursday, January 30th. Desjardins boosted their target price on TransAlta from C$15.50 to C$16.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Cibc World Mkts downgraded TransAlta from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, TD Securities boosted their price target on TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th.

Insiders Place Their Bets

In other news, Senior Officer Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of C$15.49, for a total value of C$123,920.00. Also, Director John Harry Kousinioris sold 69,982 shares of TransAlta stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$15.15, for a total value of C$1,060,227.30. Insiders have sold 204,763 shares of company stock worth $3,478,670 over the last 90 days. Corporate insiders own 0.21% of the company’s stock.

TransAlta Price Performance

Shares of TransAlta stock opened at C$15.38 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87. The company’s 50-day moving average price is C$18.69 and its two-hundred day moving average price is C$14.93. TransAlta has a 52 week low of C$8.22 and a 52 week high of C$21.22. The stock has a market cap of C$4.58 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93.

TransAlta Company Profile

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.