TransAlta (TSE:TA) (NYSE:TAC) had its price objective decreased by National Bank Financial from C$9.50 to C$8.00 in a report published on Monday. National Bank Financial currently has a sector perform rating on the stock.
TA has been the subject of a number of other research reports. CSFB raised their price target on shares of TransAlta from C$7.00 to C$8.00 and gave the company an underperform rating in a report on Thursday, December 7th. CIBC raised their price target on shares of TransAlta from C$8.25 to C$8.50 in a report on Thursday, December 7th. Scotiabank lifted their target price on shares of TransAlta from C$8.00 to C$9.00 and gave the stock a sector perform rating in a report on Thursday, December 7th. Finally, Royal Bank of Canada lifted their target price on shares of TransAlta from C$8.00 to C$9.00 and gave the stock a sector perform rating in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of C$8.36.
Shares of TransAlta (TSE:TA) opened at C$6.80 on Monday. The firm has a market cap of $1,940.00, a P/E ratio of 113.33 and a beta of 0.43. TransAlta has a fifty-two week low of C$6.65 and a fifty-two week high of C$8.50.
TransAlta (TSE:TA) (NYSE:TAC) last issued its quarterly earnings results on Tuesday, October 31st. The company reported C($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.12). TransAlta had a negative net margin of 6.46% and a negative return on equity of 4.34%.
In other news, insider John Harry Kousinioris purchased 18,800 shares of TransAlta stock in a transaction dated Tuesday, December 19th. The shares were bought at an average cost of C$7.49 per share, with a total value of C$140,812.00. Also, insider David Fuller purchased 9,832 shares of TransAlta stock in a transaction dated Thursday, November 30th. The shares were purchased at an average cost of C$47.98 per share, for a total transaction of C$471,739.36. Insiders have acquired a total of 38,932 shares of company stock valued at $692,788 in the last ninety days.
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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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