TransAlta Co. (TA) Director David Lawrence Mowat Buys 480 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) Director David Lawrence Mowat bought 480 shares of the stock in a transaction on Friday, February 10th. The stock was purchased at an average cost of C$43.04 per share, with a total value of C$20,659.20.

TransAlta Co. (TSE:TA) traded down 0.92% on Wednesday, reaching $7.55. The company had a trading volume of 421,645 shares. The company’s 50 day moving average is $7.68 and its 200-day moving average is $6.51. The firm has a market capitalization of $2.17 billion and a price-to-earnings ratio of 44.15. TransAlta Co. has a one year low of $4.80 and a one year high of $8.12.

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TA has been the topic of a number of analyst reports. TD Securities reiterated a “hold” rating and issued a C$7.00 price target on shares of TransAlta in a research report on Monday, November 7th. Scotiabank upped their target price on TransAlta from C$7.50 to C$7.75 and gave the company a “sector perform” rating in a research report on Tuesday, December 20th. Royal Bank Of Canada upped their target price on TransAlta from C$6.50 to C$7.50 and gave the company a “sector perform” rating in a research report on Friday, November 25th. CSFB set a C$7.00 target price on TransAlta in a research report on Friday, December 30th. Finally, National Bank Financial lowered TransAlta from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$9.00 to C$8.50 in a research report on Monday. Five investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of C$7.67.

About TransAlta

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. TransAlta is organized into seven segments: Canadian Coal, U.S.

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