Insider Buying: TransAlta Co. (TA) Insider Purchases 234 Shares of 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 stock was purchased at an average cost of C$44.52 per share, with a total value of C$10,417.68.

Shares of TransAlta Co. (TSE:TA) traded up C$0.03 during trading hours on Monday, hitting C$6.54. The stock had a trading volume of 350,591 shares, compared to its average volume of 436,121. TransAlta Co. has a 1-year low of C$6.31 and a 1-year high of C$8.50. The stock has a market cap of $1,880.00, a PE ratio of 109.00 and a beta of 0.28.

Several analysts have commented on the company. BMO Capital Markets lowered their price target on TransAlta from C$8.00 to C$7.50 in a report on Tuesday, February 6th. National Bank Financial lowered their price target on TransAlta from C$9.50 to C$8.00 and set a “sector perform” rating for the company in a report on Monday, January 29th. Scotiabank lifted their price target on TransAlta from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a report on Thursday, December 7th. CIBC lifted their price target on TransAlta from C$8.25 to C$8.50 in a report on Thursday, December 7th. Finally, CSFB boosted their target price on TransAlta from C$7.00 to C$8.00 and gave the stock an “underperform” rating in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$8.29.

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About TransAlta

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.

Insider Buying and Selling by Quarter for TransAlta (TSE:TA)

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