Several other research firms have also recently commented on TRP. National Bank Financial lifted their price target on TransCanada from C$68.00 to C$69.00 and gave the company a sector perform rating in a report on Wednesday, November 29th. CIBC lifted their price target on TransCanada from C$70.00 to C$75.00 in a report on Tuesday, November 21st. Citigroup lifted their price target on TransCanada from C$68.00 to C$71.00 in a report on Friday, December 8th. TD Securities upgraded TransCanada from a buy rating to an action list buy rating and lifted their price target for the company from C$79.00 to C$81.00 in a report on Friday, November 10th. Finally, JPMorgan Chase & Co. lifted their price target on TransCanada from C$74.00 to C$76.00 in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of C$72.67.
Shares of TransCanada (TSE TRP) opened at C$43.68 on Tuesday. The company has a market capitalization of $48,010.00, a PE ratio of 27.03 and a beta of 0.20. TransCanada has a fifty-two week low of C$42.11 and a fifty-two week high of C$51.85.
In other news, Director Patrick M. Keys sold 600 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of C$64.83, for a total transaction of C$38,898.00. Insiders have sold a total of 1,444 shares of company stock valued at $92,047 in the last quarter.
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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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