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

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

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

TransAlta Trading Up 1.7 %

TransAlta stock opened at C$12.05 on Thursday. TransAlta has a one year low of C$9.30 and a one year high of C$21.22. The company’s fifty day moving average price is C$12.79 and its two-hundred day moving average price is C$15.43. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. The company has a market capitalization of C$3.62 billion, a price-to-earnings ratio of 17.18, a PEG ratio of -0.07 and a beta of 0.93.

Insider Transactions at TransAlta

In related news, Senior Officer Joel E. Hunter purchased 45,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were acquired 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 owned by company insiders.

About TransAlta

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.