TransCanada (TRP) Given New C$69.00 Price Target at National Bank Financial
TransCanada (TSE:TRP) (NYSE:TRP) had its price target increased by National Bank Financial from C$68.00 to C$69.00 in a research report released on Wednesday. The brokerage currently has a sector perform rating on the stock.
TRP has been the subject of several other research reports. TD Securities raised shares of TransCanada from a buy rating to an action list buy rating and upped their price objective for the company from C$79.00 to C$81.00 in a research note on Friday, November 10th. CIBC increased their price target on shares of TransCanada from C$70.00 to C$75.00 in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of C$73.43.
Shares of TransCanada (TRP) opened at C$61.94 on Wednesday. TransCanada has a one year low of C$58.12 and a one year high of C$65.24.
In other news, Director Stephanie Wilson sold 1,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of C$62.48, for a total value of C$62,480.00. Also, Director Patrick M. Keys sold 600 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of C$64.83, for a total transaction of C$38,898.00. In the last three months, insiders sold 3,532 shares of company stock valued at $222,780.
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TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.
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