TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC Senior Officer Joel E. Hunter purchased 45,000 shares of the business's stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of C$14.99 per share, for a total transaction of C$674,752.50.
TransAlta Stock Performance
Shares of TSE:TA traded down C$0.61 during midday trading on Tuesday, reaching C$14.04. 2,807,504 shares of the company traded hands, compared to its average volume of 2,301,537. The firm's fifty day moving average price is C$17.56 and its two-hundred day moving average price is C$15.45. TransAlta Co. has a 12 month low of C$8.22 and a 12 month high of C$21.22. The firm has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 229.66.
Analyst Ratings Changes
Several brokerages recently issued reports on TA. Desjardins increased their target price on shares of TransAlta from C$15.50 to C$16.00 and gave the stock a "hold" rating in a research note on Wednesday, December 18th. CIBC upgraded TransAlta from a "neutral" rating to an "outperform" rating and decreased their price target for the stock from C$23.00 to C$19.50 in a report on Tuesday, February 18th. Cibc World Mkts upgraded shares of TransAlta from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. BMO Capital Markets increased their price target on TransAlta from C$17.00 to C$22.00 in a research report on Monday, December 16th. Finally, Scotiabank cut shares of TransAlta from an "outperform" rating to a "sector perform" rating and boosted their target price for the company from C$19.00 to C$21.00 in a research note on Thursday, January 30th. 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$18.36.
Read Our Latest Research Report on TA
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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