TransAlta (TSE:TA - Get Free Report) NYSE: TAC was downgraded by Desjardins from a "moderate buy" rating to a "hold" rating in a report issued on Tuesday,Zacks.com reports.
Other equities analysts have also issued research reports about the company. BMO Capital Markets increased their target price on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. Royal Bank of Canada lifted their target price on TransAlta from C$14.00 to C$16.00 in a report on Wednesday. National Bankshares upped their price target on shares of TransAlta from C$14.00 to C$15.00 and gave the company an "outperform" rating in a research note on Friday, August 23rd. CIBC dropped their price objective on shares of TransAlta from C$16.50 to C$15.50 and set an "outperform" rating for the company in a research note on Monday, July 22nd. Finally, TD Securities increased their target price on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a "buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$16.17.
Check Out Our Latest Stock Report on TransAlta
TransAlta Stock Performance
TSE:TA traded up C$0.09 on Tuesday, hitting C$14.62. The company's stock had a trading volume of 1,486,535 shares, compared to its average volume of 1,050,417. TransAlta has a one year low of C$8.22 and a one year high of C$15.37. The firm has a market capitalization of C$4.36 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The stock has a fifty day moving average of C$13.50 and a two-hundred day moving average of C$11.18. 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 Buying and Selling
In other news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of C$11.45, for a total value of C$114,500.00. In other TransAlta news, Senior Officer Kerry Lynn O'reilly sold 48,833 shares of TransAlta stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$10.99, for a total transaction of C$536,674.67. Also, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$11.45, for a total value of C$114,500.00. Insiders have sold 78,839 shares of company stock worth $929,648 in the last 90 days. Insiders own 0.21% of the company's stock.
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.
Further Reading
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