TransAlta Co. (TSE:TA) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC have been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$18.86.

A number of brokerages have commented on TA. BMO Capital Markets lifted their price target on TransAlta from C$17.00 to C$22.00 in a research report on Monday, December 16th. Desjardins lifted their price target 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. Royal Bank of Canada lifted their price target on TransAlta from C$14.00 to C$16.00 in a research report on Wednesday, November 6th. Scotiabank cut TransAlta from an "outperform" rating to a "sector perform" rating and boosted their price objective for the company 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 boosted their price objective for the company from C$17.00 to C$23.00 in a report on Wednesday, January 8th.

TransAlta Trading Down 2.0 %

Shares of TA stock traded down C$0.31 on Friday, reaching C$15.07. 2,056,866 shares of the company's stock were exchanged, compared to its average volume of 2,325,104. The company's fifty day simple moving average is C$18.68 and its 200 day simple moving average is C$14.97. The stock has a market capitalization of C$4.49 billion, a PE ratio of 7.93, a P/E/G ratio of -0.07 and a beta of 0.93. 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 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87.

Insider Activity

In related news, Senior Officer Jane Nyla Fedoretz sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, November 28th. The stock was 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 the company's stock in a transaction that occurred 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 sold 204,763 shares of company stock worth $3,478,670 over the last ninety days. Corporate insiders own 0.21% of the company's stock.

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.