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.
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.
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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.
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