TransCanada Co. (TRP) PT Raised to C$74.00
TransCanada Co. (TSE:TRP) (NYSE:TRP) had its price target boosted by investment analysts at TD Securities from C$67.00 to C$74.00 in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 22.56% from the company’s previous close.
Other equities analysts have also issued reports about the company. Bank of America Corp. reaffirmed a “buy” rating and set a C$68.00 target price on shares of TransCanada in a research report on Thursday, September 1st. Scotiabank increased their price target on TransCanada from C$66.00 to C$68.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. CSFB increased their price target on TransCanada from C$64.00 to C$70.00 in a research report on Monday, July 25th. Royal Bank Of Canada reissued an “outperform” rating and issued a C$72.00 price target on shares of TransCanada in a research report on Thursday. Finally, CIBC increased their price target on TransCanada from C$59.00 to C$66.00 in a research report on Wednesday, July 20th. Nine research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of C$63.77.
Shares of TransCanada (TSE:TRP) opened at 60.38 on Thursday. The stock’s 50 day moving average price is $60.61 and its 200-day moving average price is $58.90. The firm’s market cap is $48.30 billion. TransCanada has a 12-month low of $40.58 and a 12-month high of $63.41.
In other TransCanada news, Director Christine R. Johnston sold 430 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of C$61.15, for a total value 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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