Cibc World Mkts upgraded shares of TransAlta (TSE:TA - Free Report) NYSE: TAC from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.
TA has been the subject of several other research reports. Desjardins increased their target price on TransAlta from C$15.50 to C$16.00 and gave the stock a "hold" rating in a research report on Wednesday, December 18th. BMO Capital Markets raised their price objective on TransAlta from C$17.00 to C$22.00 in a research report on Monday, December 16th. Royal Bank of Canada raised their price objective on TransAlta from C$14.00 to C$16.00 in a research report on Wednesday, November 6th. Scotiabank lowered 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, TD Securities lifted their target price on TransAlta from C$18.00 to C$19.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$18.36.
View Our Latest Report on TransAlta
TransAlta Trading Down 2.9 %
TSE TA traded down C$0.47 on Tuesday, hitting C$15.49. The company's stock had a trading volume of 3,089,989 shares, compared to its average volume of 2,294,888. TransAlta has a 52-week low of C$8.22 and a 52-week high of C$21.22. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 229.66. The company's 50-day simple moving average is C$18.24 and its 200 day simple moving average is C$15.18. The firm has a market cap of C$4.65 billion, a P/E ratio of 22.08, a PEG ratio of -0.07 and a beta of 0.93.
Insider Buying and Selling at TransAlta
In other news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$19.41, for a total value of C$194,100.00. Also, Director John Harry Kousinioris sold 45,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$17.67, for a total value of C$795,150.00. Insiders have sold a total of 109,781 shares of company stock valued at $2,040,692 over the last ninety days. 0.21% of the stock is currently owned by company insiders.
About TransAlta
(
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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.
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