TD Securities Lowers TransCanada (TRP) Price Target to C$77.00

TransCanada (TSE:TRP) (NYSE:TRP) had its price objective decreased by TD Securities from C$81.00 to C$77.00 in a research note released on Friday morning. TD Securities currently has an action list buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. CIBC raised their price target on shares of TransCanada from C$76.00 to C$77.00 in a report on Friday. BMO Capital Markets lowered their price target on shares of TransCanada from C$73.00 to C$69.00 in a report on Tuesday, February 6th. National Bank Financial lowered their price target on shares of TransCanada from C$69.00 to C$65.00 and set a sector perform rating for the company in a report on Monday, January 29th. Citigroup raised their price target on shares of TransCanada from C$68.00 to C$71.00 in a report on Friday, December 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of TransCanada from C$74.00 to C$76.00 in a report on Tuesday, December 5th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of C$72.33.

Shares of TransCanada (TRP) opened at C$57.61 on Friday. The firm has a market cap of $50,780.00, a price-to-earnings ratio of 22.86 and a beta of 0.20. TransCanada has a fifty-two week low of C$52.05 and a fifty-two week high of C$65.18.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.79%. This is an increase from TransCanada’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Wednesday, March 28th. TransCanada’s dividend payout ratio is 96.83%.

In other TransCanada news, Director Patrick M. Keys sold 600 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of C$64.83, for a total transaction of C$38,898.00. Insiders have sold a total of 943 shares of company stock worth $60,323 over the last quarter.

TRADEMARK VIOLATION WARNING: This piece was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at

TransCanada Company Profile

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.

Analyst Recommendations for TransCanada (TSE:TRP)

Receive News & Ratings for TransCanada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransCanada and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit