RBC Capital Remains a Buy on TransAlta (TAC)
In a report released today, Maurice Choy from RBC Capital maintained a Buy rating on TransAlta, with a price target of C$24.00.
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Choy covers the Utilities sector, focusing on stocks such as TransAlta, Fortis, and Brookfield Infrastructure. According to TipRanks, Choy has an average return of 17.5% and an 80.95% success rate on recommended stocks.
In addition to RBC Capital, TransAlta also received a Buy from National Bank’s Patrick Kenny in a report issued today. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on TransAlta (NYSE: TAC).
TAC market cap is currently C$4.9B and has a P/E ratio of -37.36.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TAC in relation to earlier this year.
Read More on TAC:
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- TransAlta upgraded to Outperform from Sector Perform at National Bank
- TransAlta Targets Data Centre-Led Growth and Stronger Cash Flows Through 2029
- TransAlta expects meaningful adjusted EBITDA, free cash flow growth in 2029
- DOE Orders TransAlta’s Centralia Unit 2 to Stay Available for 90 More Days
- TransAlta Adjusts Mix of Series A and B Preferred Shares Through Conversions
