RBC Capital Reaffirms April 29th, 2016
TransAlta Co. (TSE:TA)‘s stock had its “outperform” rating reiterated by equities researchers at RBC Capital in a research note issued to investors on Friday,StockTargetPrices.com reports. They presently have a C$13.00 price objective on the stock. RBC Capital’s price objective suggests a potential upside of 98.17% from the stock’s current price.
In other news, insider Donald Tremblay bought 16,000 shares of TransAlta stock in a transaction dated Thursday, March 3rd. The stock was bought at an average cost of C$6.02 per share, for a total transaction of C$96,312.00. Also, insider John Harry Kousinioris bought 12,500 shares of TransAlta stock in a transaction dated Monday, February 22nd. The stock was purchased at an average price of C$5.98 per share, with a total value of C$74,782.50.
Shares of TransAlta (TSE:TA) traded down 2.53% during trading on Friday, hitting $6.56. The company’s stock had a trading volume of 2,849,200 shares. TransAlta has a 1-year low of $3.70 and a 1-year high of $12.10. The firm’s 50 day moving average is $6.08 and its 200-day moving average is $5.55. The company’s market capitalization is $1.89 billion.
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