TransCanada Co. (TRP) Earns Buy Rating from TD Securities
A number of other equities research analysts have also recently issued reports on the stock. Scotiabank reaffirmed an outperform rating and issued a C$69.00 target price on shares of TransCanada in a report on Wednesday, September 28th. Bank of America Corp. reaffirmed a buy rating and issued a C$68.00 target price on shares of TransCanada in a report on Thursday, September 1st. CSFB upped their target price on shares of TransCanada from C$64.00 to C$70.00 in a report on Monday, July 25th. CIBC increased their price target on shares of TransCanada from C$59.00 to C$66.00 in a report on Wednesday, July 20th. Finally, National Bank Financial increased their price target on shares of TransCanada from C$57.00 to C$62.00 in a report on Monday, July 18th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. TransCanada has an average rating of Buy and an average target price of C$62.62.
Shares of TransCanada (TSE:TRP) opened at 60.52 on Tuesday. The firm’s market capitalization is $48.42 billion. The firm’s 50-day moving average price is $61.34 and its 200-day moving average price is $57.18. TransCanada has a 12-month low of $40.58 and a 12-month high of $63.41.
In related news, Director Christine R. Johnston sold 430 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$61.15, for a total transaction of C$26,294.50. Also, insider Karl Johannson sold 700 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of C$60.99, for a total transaction of C$42,693.00.
TransCanada Company Profile
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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