Insider Selling: TransCanada Co. (TRP) Director Sells C$55,269.00 in Stock

TransCanada Co. (TSE:TRP) (NYSE:TRP) Director John F. Soini sold 900 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of C$61.41, for a total transaction of C$55,269.00.

TransCanada Co. (TSE:TRP) opened at 62.35 on Tuesday. The company has a market capitalization of $54.06 billion and a price-to-earnings ratio of 389.69. The company’s 50-day moving average is $61.64 and its 200-day moving average is $61.22. TransCanada Co. has a 52-week low of $48.46 and a 52-week high of $65.24.

Insider Buying and Selling by Quarter for TransCanada (TSE:TRP)

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A number of analysts have recently issued reports on TRP shares. CIBC raised their target price on shares of TransCanada from C$66.00 to C$68.00 in a research note on Thursday, February 9th. Royal Bank of Canada restated an “outperform” rating and set a C$72.00 target price on shares of TransCanada in a research note on Monday, December 5th. Scotiabank restated an “outperform” rating and set a C$69.00 target price on shares of TransCanada in a research note on Friday, December 16th. National Bank Financial raised their target price on shares of TransCanada from C$63.00 to C$66.00 in a research note on Wednesday, January 25th. Finally, GMP Securities cut their target price on shares of TransCanada from C$70.00 to C$68.00 in a research note on Tuesday, March 14th. Seven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of C$66.27.

About TransCanada

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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