TransCanada Co. (TSE:TRP) (NYSE:TRP) had its price target lifted by equities researchers at TD Securities from C$75.00 to C$77.00 in a research report issued to clients and investors on Monday, May 8th. The firm currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 24.29% from the company’s current price.
A number of other analysts have also commented on the company. GMP Securities dropped their price target on TransCanada from C$70.00 to C$68.00 in a report on Tuesday, March 14th. Scotiabank restated an “outperform” rating and issued a C$69.00 target price on shares of TransCanada in a research note on Tuesday, March 14th. Royal Bank of Canada restated an “outperform” rating and issued a C$72.00 target price on shares of TransCanada in a research note on Thursday, February 23rd. Wells Fargo & Co reiterated an “outperform” rating on shares of TransCanada in a research note on Friday, March 31st. Finally, CIBC boosted their price objective on TransCanada from C$66.00 to C$68.00 in a research note on Thursday, February 9th. Seven investment analysts have rated the stock with a buy rating, TransCanada presently has an average rating of “Buy” and a consensus price target of C$69.89.
TransCanada (TSE:TRP) traded up 1.11% during mid-day trading on Monday, hitting $62.64. The stock had a trading volume of 849,068 shares. The stock has a market capitalization of $54.56 billion and a P/E ratio of 98.18. TransCanada has a 52 week low of $52.95 and a 52 week high of $65.24. The company’s 50 day moving average is $63.17 and its 200-day moving average is $61.58.
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In other TransCanada news, insider Wendy Hanrahan purchased 1,600 shares of the stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of C$62.35 per share, with a total value of C$99,760.00. Also, Director Der Put Jan Van sold 1,000 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of C$64.59, for a total value of C$64,590.00. In the last ninety days, insiders have acquired 32,745 shares of company stock valued at $2,034,683 and have sold 108,268 shares valued at $6,696,555.
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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