TransAlta Co. (TA) Insider Purchases C$10,417.68 in Stock
TransAlta Co. (TSE:TA) (NYSE:TAC) insider Philip Bates bought 234 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of C$44.52 per share, with a total value of C$10,417.68.
Shares of TransAlta Co. (TA) traded up C$0.11 on Monday, reaching C$6.62. The company’s stock had a trading volume of 180,891 shares, compared to its average volume of 438,469. TransAlta Co. has a 52-week low of C$6.31 and a 52-week high of C$8.50. The company has a market cap of $1,870.00, a P/E ratio of 109.00 and a beta of 0.28.
TA has been the subject of several research analyst reports. BMO Capital Markets cut their price objective on TransAlta from C$8.00 to C$7.50 in a research report on Tuesday, February 6th. National Bank Financial cut their price objective on TransAlta from C$9.50 to C$8.00 and set a “sector perform” rating for the company in a research report on Monday, January 29th. Scotiabank lifted their price objective on TransAlta from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research report on Thursday, December 7th. CIBC lifted their price objective on TransAlta from C$8.25 to C$8.50 in a research report on Thursday, December 7th. Finally, CSFB lifted their price objective on TransAlta from C$7.00 to C$8.00 and gave the company an “underperform” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of C$8.29.
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.
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