TransAlta Co. (TA) Receives Consensus Recommendation of “Hold” from Analysts

TransAlta Co. (TSE:TA) (NYSE:TAC) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$8.00.

Several equities research analysts have recently weighed in on the stock. National Bank Financial increased their target price on shares of TransAlta from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. Scotiabank set a C$8.00 price target on shares of TransAlta and gave the stock a “sector perform” rating in a research note on Friday, August 11th.

Shares of TransAlta (TSE:TA) traded down 0.13% during trading on Friday, reaching $7.72. 133,286 shares of the company were exchanged. TransAlta has a 1-year low of $5.11 and a 1-year high of $8.38. The company has a market capitalization of $2.22 billion and a price-to-earnings ratio of 70.18. The stock’s 50 day moving average is $7.51 and its 200 day moving average is $7.64.

In related news, Director David Lawrence Mowat acquired 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average cost of C$44.75 per share, with a total value of C$55,937.50.

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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.

Analyst Recommendations for TransAlta (TSE:TA)

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