TransCanada (TSE:TRP) (NYSE:TRP) had its price target lifted by CIBC from C$75.00 to C$76.00 in a research note released on Thursday morning.

Other analysts have also recently issued research reports about the company. Citigroup boosted their price target on TransCanada from C$68.00 to C$71.00 in a research report on Friday, December 8th. JPMorgan Chase & Co. boosted their price target on TransCanada from C$74.00 to C$76.00 in a research report on Tuesday, December 5th. National Bank Financial boosted their price target on TransCanada from C$68.00 to C$69.00 and gave the stock a sector perform rating in a research report on Wednesday, November 29th. Finally, TD Securities raised TransCanada from a buy rating to an action list buy rating and boosted their price target for the stock from C$79.00 to C$81.00 in a research report on Friday, November 10th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. TransCanada has a consensus rating of Buy and a consensus price target of C$73.56.

Shares of TransCanada (TSE TRP) opened at C$59.69 on Thursday. TransCanada has a 12-month low of C$59.12 and a 12-month high of C$65.24. The firm has a market capitalization of $52,380.00, a PE ratio of 29.55 and a beta of 0.28.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be given a dividend of $0.625 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.50 annualized dividend and a dividend yield of 4.19%. TransCanada’s dividend payout ratio is presently 120.79%.

In related news, Director Patrick M. Keys sold 600 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of C$64.83, for a total transaction of C$38,898.00. Insiders have sold a total of 1,444 shares of company stock valued at $92,047 in the last three months.

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TransCanada Company Profile

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.

Analyst Recommendations for TransCanada (TSE:TRP)

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