TransCanada Co. (TSE:TRP)‘s stock had its “buy” rating reissued by equities researchers at TD Securities in a research note issued on Tuesday. They currently have a C$67.00 price target on the stock. TD Securities’ price objective indicates a potential upside of 7.29% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. BMO Capital Markets upped their target price on shares of TransCanada from C$59.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Monday, June 20th. National Bank Financial boosted their price target on shares of TransCanada from C$57.00 to C$62.00 in a report on Monday, July 18th. Bank of America Corp. reiterated a “buy” rating and set a C$68.00 price target on shares of TransCanada in a report on Thursday, September 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a C$64.00 price target on shares of TransCanada in a report on Friday, June 10th. Finally, Scotiabank boosted their price target on shares of TransCanada from C$66.00 to C$68.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$62.62.
Shares of TransCanada (TSE:TRP) opened at 62.45 on Tuesday. The firm has a 50-day moving average of $61.28 and a 200 day moving average of $56.24. The firm’s market capitalization is $49.96 billion. TransCanada has a 52 week low of $40.58 and a 52 week high of $63.41.
In related news, Director Christine R. Johnston sold 430 shares of the stock in a transaction 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 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.
Receive News & Ratings for TransCanada Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransCanada Co. and related companies with MarketBeat.com's FREE daily email newsletter.