TransCanada Co. (TSE:TRP) (NYSE:TRP) insider Alex Pourbaix sold 45,854 shares of TransCanada stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of C$62.42, for a total value of C$2,862,206.68.
Shares of TransCanada Co. (TSE:TRP) traded down 0.03% during midday trading on Friday, reaching $63.54. The company had a trading volume of 305,776 shares. TransCanada Co. has a one year low of $50.33 and a one year high of $65.24. The company has a market capitalization of $55.09 billion and a PE ratio of 397.12. The company has a 50 day moving average of $62.10 and a 200 day moving average of $61.31.
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Several equities analysts have weighed in on the company. Wells Fargo & Co reaffirmed an “outperform” rating on shares of TransCanada in a report on Friday, March 31st. GMP Securities decreased their price target on TransCanada from C$70.00 to C$68.00 in a research note on Tuesday, March 14th. Scotiabank reiterated an “outperform” rating and issued a C$69.00 price target on shares of TransCanada in a research note on Tuesday, March 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a C$72.00 price target on shares of TransCanada in a research note on Thursday, February 23rd. Finally, TD Securities lifted their price target on TransCanada from C$74.00 to C$75.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Seven equities research analysts have rated the stock with a buy rating, TransCanada presently has an average rating of “Buy” and an average price target of C$69.00.
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.
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