Insider Buying: TransAlta Co. (TA) Insider Buys C$10,417.68 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Philip Bates purchased 234 shares of TransAlta stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of C$44.52 per share, for a total transaction of C$10,417.68.

Shares of TransAlta Co. (TSE:TA) traded down C$0.07 during midday trading on Thursday, reaching C$6.42. 46,223 shares of the company’s stock were exchanged, compared to its average volume of 430,257. TransAlta Co. has a 1 year low of C$6.31 and a 1 year high of C$8.50. The company has a market capitalization of $1,870.00, a PE ratio of 108.17 and a beta of 0.28.

Several equities analysts have recently commented on TA shares. Royal Bank of Canada increased their price target on shares of 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 increased their price target on shares of TransAlta from C$8.25 to C$8.50 in a research report on Thursday, December 7th. CSFB raised their target price on shares of TransAlta from C$7.00 to C$8.00 and gave the stock an “underperform” rating in a report on Thursday, December 7th. National Bank Financial raised their target price on shares of TransAlta from C$9.00 to C$9.50 and gave the stock a “sector perform” rating in a report on Thursday, December 7th. Finally, Scotiabank raised their target price on shares of TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$8.29.

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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.

Insider Buying and Selling by Quarter for TransAlta (TSE:TA)

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