TransAlta Co. (TA) Insider Douglas French Purchases 1,000 Shares
TransAlta Co. (TSE:TA) (NYSE:TAC) insider Douglas French bought 1,000 shares of the stock in a transaction dated Monday, August 20th. The shares were purchased at an average cost of C$48.51 per share, for a total transaction of C$48,510.00.
Douglas French also recently made the following trade(s):
- On Friday, June 8th, Douglas French bought 2,187 shares of TransAlta stock. The shares were purchased at an average cost of C$45.75 per share, for a total transaction of C$100,055.25.
Shares of TSE:TA traded down C$0.01 during trading on Friday, reaching C$7.60. 231,200 shares of the stock were exchanged, compared to its average volume of 572,204. TransAlta Co. has a 1-year low of C$6.31 and a 1-year high of C$8.18.
A number of equities analysts have recently weighed in on the company. Canaccord Genuity set a C$7.00 target price on TransAlta and gave the stock a “hold” rating in a research report on Friday, May 4th. CIBC upped their target price on TransAlta from C$8.00 to C$8.50 in a research report on Tuesday, August 7th. National Bank Financial upped 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 Tuesday, August 7th. Finally, BMO Capital Markets lowered their target price on TransAlta from C$8.00 to C$7.50 in a research report on Wednesday, May 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$8.31.
TransAlta Company Profile
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.
See Also: Marijuana Stocks Future Looks Bright
Receive News & Ratings for TransAlta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta and related companies with MarketBeat.com's FREE daily email newsletter.