Brokerages Set TransAlta Co. (TSE:TA) Target Price at C$18.36

TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC has been assigned a consensus rating of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$18.36.

A number of equities research analysts have recently issued reports on the company. Cibc World Mkts upgraded TransAlta from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Desjardins increased their price target on shares of TransAlta from C$15.50 to C$16.00 and gave the company a "hold" rating in a research note on Wednesday, December 18th. BMO Capital Markets boosted their price objective on shares of TransAlta from C$17.00 to C$22.00 in a research note on Monday, December 16th. Scotiabank downgraded shares of TransAlta from an "outperform" rating to a "sector perform" rating and raised their target price for the company from C$19.00 to C$21.00 in a research note on Thursday, January 30th. Finally, TD Securities lifted their price target on TransAlta from C$18.00 to C$19.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th.

TransAlta Stock Down 4.5 %

Shares of TA traded down C$0.62 on Friday, hitting C$13.09. The company's stock had a trading volume of 163,820 shares, compared to its average volume of 2,156,920. The firm's fifty day moving average price is C$14.80 and its 200-day moving average price is C$15.73. TransAlta has a fifty-two week low of C$8.22 and a fifty-two week high of C$21.22. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 229.66. The firm has a market capitalization of C$3.93 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of -0.07 and a beta of 0.93.

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Insider Activity

In other TransAlta news, Senior Officer Joel E. Hunter acquired 45,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of C$14.99 per share, with a total value of C$674,752.50. 0.21% of the stock is owned by company insiders.

TransAlta Company Profile

TransAlta is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia consisting of hydro, wind, solar, battery storage, gas and energy transition facilities. The majority of the company's revenues are derived from the sale of generation capacity, electricity, thermal energy, environmental attributes, and byproducts of power generation.