Insider Buying: TransAlta Co. (TA) Insider Acquires 234 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Philip Bates acquired 234 shares of TransAlta stock in a transaction on Friday, February 9th. The stock was purchased at an average price of C$44.52 per share, with a total value of C$10,417.68.

TransAlta Co. (TSE TA) traded up C$0.11 during trading on Monday, hitting C$6.62. The company had a trading volume of 180,891 shares, compared to its average volume of 438,469. The company has a market cap of $1,870.00, a P/E ratio of 109.00 and a beta of 0.28. TransAlta Co. has a 1-year low of C$6.31 and a 1-year high of C$8.50.

A number of analysts have commented on TA shares. Royal Bank of Canada raised their price objective on TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 7th. CIBC raised their price objective on TransAlta from C$8.25 to C$8.50 in a research report on Thursday, December 7th. CSFB raised their price objective on TransAlta from C$7.00 to C$8.00 and gave the stock an “underperform” rating in a research report on Thursday, December 7th. National Bank Financial raised their price objective on TransAlta from C$9.00 to C$9.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 7th. Finally, Scotiabank raised their target price on TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” 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’s stock. TransAlta presently has a consensus rating of “Hold” and a consensus price target of C$8.29.

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TransAlta Company Profile

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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