TransAlta (TSE:TA) Price Target Lowered to C$16.00 at National Bankshares

TransAlta (TSE:TA) (NYSE:TAC) had its target price lowered by National Bankshares from C$20.00 to C$16.00 in a report released on Thursday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada cut their price target on TransAlta from C$23.00 to C$20.00 and set an “outperform” rating on the stock in a report on Thursday. TD Securities raised their price objective on shares of TransAlta from C$18.00 to C$19.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Scotiabank lowered their target price on shares of TransAlta from C$21.00 to C$17.00 and set a “sector perform” rating for the company in a research note on Thursday, April 17th. CIBC decreased their price target on TransAlta from C$19.50 to C$19.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Finally, Cibc World Mkts raised TransAlta from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, TransAlta has a consensus rating of “Moderate Buy” and an average target price of C$18.00.

TransAlta Trading Up 0.3 %

Shares of TSE TA opened at C$11.85 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 229.66. The stock has a market capitalization of C$3.56 billion, a PE ratio of 16.89, a PEG ratio of -0.07 and a beta of 0.93. TransAlta has a twelve month low of C$9.30 and a twelve month high of C$21.22. The stock has a fifty day simple moving average of C$12.83 and a 200-day simple moving average of C$15.44.

Insiders Place Their Bets

In other news, Senior Officer Joel E. Hunter acquired 45,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of C$14.99 per share, with a total value of C$674,752.50. 0.21% of the stock is currently owned by insiders.

TransAlta Company Profile

TransAlta is an independent power producer based in Alberta, Canada. The company operates a diverse and growing fleet of electrical power generation assets in Canada, the United States, and Australia consisting of hydro, wind, solar, battery storage, gas and energy transition facilities. The majority of the company’s revenues are derived from the sale of generation capacity, electricity, thermal energy, environmental attributes, and byproducts of power generation.