TransCanada Co. (TRP) Given “Outperform” Rating at Scotiabank
Several other research firms have also recently weighed in on TRP. CSFB upped their price target on shares of TransCanada from C$64.00 to C$70.00 in a report on Monday, July 25th. TD Securities reiterated a buy rating and issued a C$63.00 target price on shares of TransCanada in a research report on Tuesday, July 19th. National Bank Financial upped their target price on shares of TransCanada from C$57.00 to C$62.00 in a research report on Monday, July 18th. Bank of America Corp. reiterated a buy rating and issued a C$68.00 target price on shares of TransCanada in a research report on Thursday, September 1st. Finally, CIBC upped their target price on shares of TransCanada from C$59.00 to C$66.00 in a research report on Wednesday, July 20th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of C$62.62.
TransCanada (TSE:TRP) opened at 62.45 on Wednesday. The company’s market capitalization is $49.96 billion. TransCanada has a 52-week low of $40.58 and a 52-week high of $63.41. The stock has a 50 day moving average price of $61.28 and a 200 day moving average price of $56.24.
In other TransCanada news, insider Karl Johannson sold 700 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of C$60.99, for a total transaction of C$42,693.00. Also, Director Christine R. Johnston sold 430 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$61.15, for a total transaction of C$26,294.50.
TransCanada Company Profile
TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines segment consists of the Company’s investments in approximately 67,300 kilometers (km) (approximately 41,900 miles) of regulated natural gas pipelines and over 250 billion cubic feet (Bcf) of regulated natural gas storage facilities.
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