TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC's stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.82 and traded as high as C$15.67. TransAlta shares last traded at C$15.50, with a volume of 2,315,409 shares changing hands.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on TA shares. CIBC downgraded TransAlta from an "outperform" rating to a "neutral" rating and boosted their price target for the company from C$17.00 to C$23.00 in a report on Wednesday, January 8th. Scotiabank downgraded TransAlta from an "outperform" rating to a "sector perform" rating and boosted their price target for the company from C$19.00 to C$21.00 in a report on Thursday, January 30th. Cibc World Mkts downgraded TransAlta from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Desjardins boosted their price target on TransAlta from C$15.50 to C$16.00 and gave the company a "hold" rating in a report on Wednesday, December 18th. Finally, TD Securities boosted their price objective on TransAlta from C$18.00 to C$19.00 and gave the company a "buy" rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$18.86.
Read Our Latest Report on TA
TransAlta Price Performance
The firm has a market capitalization of C$4.49 billion, a PE ratio of 7.93, a PEG ratio of -0.07 and a beta of 0.93. The stock has a 50-day moving average price of C$18.68 and a 200 day moving average price of C$14.97. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87.
Insider Buying and Selling
In other TransAlta news, Director John Harry Kousinioris sold 69,982 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$15.15, for a total transaction of C$1,060,227.30. Also, Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$15.11, for a total value of C$377,750.00. Over the last ninety days, insiders sold 204,763 shares of company stock worth $3,478,670. 0.21% of the stock is owned by corporate 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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