TransCanada Co. (TRP) Rating Reiterated by CSFB
TransCanada Co. (TSE:TRP) (NYSE:TRP)‘s stock had its “outperform” rating restated by analysts at CSFB in a note issued to investors on Friday. They presently have a C$70.00 price target on the stock. CSFB’s target price suggests a potential upside of 14.59% from the stock’s current price.
Other equities analysts also recently issued reports about the company. Bank of America Corp. restated a “buy” rating and set a C$68.00 price target on shares of TransCanada in a report on Thursday, September 1st. TD Securities raised their price target on TransCanada from C$63.00 to C$67.00 and gave the company a “buy” rating in a report on Friday, July 29th. Scotiabank restated an “outperform” rating and set a C$69.00 price target on shares of TransCanada in a report on Thursday, November 17th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a C$72.00 price target on shares of TransCanada in a report on Thursday, November 17th. Nine analysts have rated the stock with a buy rating, TransCanada presently has an average rating of “Buy” and an average target price of C$63.77.
Shares of TransCanada (TSE:TRP) opened at 61.09 on Friday. The company has a 50-day moving average price of $60.57 and a 200-day moving average price of $59.09. The company’s market capitalization is $48.87 billion. TransCanada has a 52 week low of $40.58 and a 52 week high of $63.41.
In other TransCanada news, Director Christine R. Johnston sold 430 shares of the firm’s stock in a transaction dated 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 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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