TransAlta (TSE:TA) Stock Price Expected to Rise, TD Securities Analyst Says

TransAlta (TSE:TA) (NYSE:TAC) had its target price boosted by stock analysts at TD Securities from C$16.00 to C$18.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 20.81% from the stock’s current price.

A number of other brokerages have also weighed in on TA. CIBC decreased 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 report on Monday, July 22nd. Desjardins set a C$15.50 target price on TransAlta and gave the company a “buy” rating in a research report on Wednesday, October 30th. National Bankshares increased their price target on TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets lifted their price objective on TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, TransAlta presently has an average rating of “Buy” and a consensus price target of C$16.17.

TransAlta Trading Down 2.6 %

TA traded down C$0.40 during trading hours on Wednesday, reaching C$14.90. 1,645,922 shares of the company’s stock traded hands, compared to its average volume of 1,043,455. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. The firm has a 50-day moving average price of C$13.39 and a 200 day moving average price of C$11.12. TransAlta has a 52-week low of C$8.22 and a 52-week high of C$15.37. The firm has a market capitalization of C$4.44 billion, a PE ratio of 7.82, a PEG ratio of -0.07 and a beta of 0.93.

Insider Buying and Selling at TransAlta

In other TransAlta news, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of TransAlta stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$10.99, for a total value of C$536,674.67. In related news, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$10.99, for a total value of C$536,674.67. Also, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of C$13.92, for a total value of C$278,400.00. Insiders have sold a total of 78,839 shares of company stock valued at $929,648 over the last quarter. 0.21% of the stock is owned by company insiders.

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.