TransAlta (TSE:TA) (NYSE:TAC) had its target price decreased by BMO Capital Markets from C$8.00 to C$7.50 in a research report released on Tuesday.

TA has been the subject of several other reports. Royal Bank of Canada raised their price objective on TransAlta from C$8.00 to C$9.00 and gave the company a sector perform rating in a research note on Thursday, December 7th. CSFB raised their price objective on TransAlta from C$7.00 to C$8.00 and gave the company an underperform rating in a research note on Thursday, December 7th. National Bank Financial dropped their price objective on TransAlta from C$9.50 to C$8.00 and set a sector perform rating for the company in a research note on Monday, January 29th. CIBC raised their price objective on TransAlta from C$8.25 to C$8.50 in a research note on Thursday, December 7th. Finally, Scotiabank raised their price objective on TransAlta from C$8.00 to C$9.00 and gave the company a sector perform rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has an average rating of Hold and an average target price of C$8.29.

TransAlta (TSE TA) opened at C$6.57 on Tuesday. TransAlta has a one year low of C$6.31 and a one year high of C$8.50. The firm has a market capitalization of $1,890.00, a P/E ratio of 109.50 and a beta of 0.28.

In related news, insider David Fuller bought 9,832 shares of the stock in a transaction on Thursday, November 30th. The shares were purchased at an average price of C$47.98 per share, for a total transaction of C$471,739.36. Also, insider John Harry Kousinioris bought 10,300 shares of the stock in a transaction on Monday, December 11th. The shares were bought at an average price of C$7.79 per share, for a total transaction of C$80,237.00. In the last quarter, insiders have acquired 38,932 shares of company stock worth $692,788.

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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.

Analyst Recommendations for TransAlta (TSE:TA)

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