TransAlta Co. (TA) Given Average Recommendation of “Hold” by Analysts
TransAlta Co. (TSE:TA) (NYSE:TAC) has been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$8.29.
Several research analysts recently issued reports on TA shares. TD Securities reissued a “hold” rating and issued a C$8.00 price target on shares of TransAlta in a research report on Friday, April 21st. BMO Capital Markets reissued a “market perform” rating and issued a C$8.00 price target on shares of TransAlta in a research report on Tuesday, May 23rd. National Bank Financial increased their price target on shares of TransAlta from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Finally, Scotiabank set a C$8.00 price target on shares of TransAlta and gave the stock a “sector perform” rating in a research report on Friday.
In other TransAlta news, insider Francois Gratton sold 555 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of C$45.69, for a total transaction of C$25,357.95.
TRADEMARK VIOLATION WARNING: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/08/15/transalta-co-ta-given-average-recommendation-of-hold-by-analysts.html.
Shares of TransAlta (TSE:TA) traded up 0.13% during mid-day trading on Tuesday, reaching $8.01. The company had a trading volume of 349,065 shares. The company’s 50-day moving average price is $8.10 and its 200-day moving average price is $7.60. TransAlta has a 52-week low of $5.11 and a 52-week high of $8.38. The company has a market capitalization of $2.31 billion and a PE ratio of 41.94.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 1st will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 2.00%. The ex-dividend date is Wednesday, August 30th.
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.
Receive News & Ratings for TransAlta Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta Co. and related companies with MarketBeat.com's FREE daily email newsletter.