TransCanada Co. (TRP) Given Buy Rating at TD Securities
TRP has been the topic of several other research reports. Scotiabank set a C$68.00 price target on shares of TransCanada and gave the company an outperform rating in a report on Monday, September 12th. CIBC upped their price objective on shares of TransCanada from C$59.00 to C$66.00 in a research note on Wednesday, July 20th. CSFB upped their price objective on shares of TransCanada from C$64.00 to C$70.00 in a research note on Monday, July 25th. BMO Capital Markets upped their price objective on shares of TransCanada from C$62.00 to C$65.00 in a research note on Thursday, July 7th. Finally, Bank of America Corp. reissued a buy rating and set a C$68.00 price objective on shares of TransCanada in a research note on Thursday, September 1st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$62.62.
TransCanada (TSE:TRP) opened at 60.45 on Tuesday. The stock’s market capitalization is $48.36 billion. TransCanada has a 52 week low of $40.58 and a 52 week high of $63.41. The company has a 50-day moving average of $61.32 and a 200-day moving average of $57.05.
In other news, insider Karl Johannson sold 700 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of C$60.99, for a total value of C$42,693.00. Also, Director Christine R. Johnston sold 430 shares of the stock in a transaction 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 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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