TRP has been the subject of several other research reports. Scotiabank set a C$68.00 price objective on TransCanada and gave the stock an outperform rating in a report on Monday, September 12th. CIBC increased their price objective on TransCanada from C$59.00 to C$66.00 in a report on Wednesday, July 20th. CSFB increased their price objective on TransCanada from C$64.00 to C$70.00 in a report on Monday, July 25th. BMO Capital Markets increased their price objective on TransCanada from C$62.00 to C$65.00 in a report on Thursday, July 7th. Finally, Royal Bank Of Canada reiterated an outperform rating and issued a C$64.00 price objective on shares of TransCanada in a report on Friday, June 10th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. TransCanada currently has a consensus rating of Buy and an average target price of C$62.62.
Shares of TransCanada (TSE:TRP) opened at 62.31 on Tuesday. TransCanada has a one year low of $40.58 and a one year high of $63.41. The company’s 50-day moving average price is $61.32 and its 200 day moving average price is $56.39. The company’s market cap is $49.85 billion.
In other TransCanada news, insider Karl Johannson sold 700 shares of TransCanada stock in a transaction on Friday, August 5th. The stock was sold at an average price of C$60.99, for a total value of C$42,693.00. Also, Director Christine R. Johnston sold 430 shares of TransCanada stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of C$61.15, for a total value of C$26,294.50.
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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