Shares of TransCanada Co. (TSE:TRP) have been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the firm. Six analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$62.50.
A number of research analysts recently issued reports on the stock. TD Securities reiterated a “buy” rating and issued a C$63.00 price objective on shares of TransCanada in a report on Tuesday, July 19th. CIBC raised their price objective on shares of TransCanada from C$59.00 to C$66.00 in a report on Wednesday, July 20th. Scotiabank set a C$68.00 price objective on shares of TransCanada and gave the company an “outperform” rating in a report on Monday, September 12th. CSFB raised their price objective on shares of TransCanada from C$64.00 to C$70.00 in a report on Monday, July 25th. Finally, BMO Capital Markets raised their price objective on shares of TransCanada from C$62.00 to C$65.00 in a report on Thursday, July 7th.
In related news, Director Christine R. Johnston sold 430 shares of the 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. 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 value of C$42,693.00.
TransCanada (TSE:TRP) opened at 60.52 on Tuesday. The company’s market cap is $48.42 billion. The firm has a 50-day moving average of $61.34 and a 200-day moving average of $57.18. TransCanada has a 52 week low of $40.58 and a 52 week high of $63.41.
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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