TransCanada Co. (TRP) Director Sells C$37,605.75 in Stock
TransCanada Co. (TSE:TRP) (NYSE:TRP) Director Terry J. Bennett sold 609 shares of the firm’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of C$61.75, for a total value of C$37,605.75.
TransCanada Co. (TSE:TRP) traded down 0.42% on Monday, hitting $60.94. The stock had a trading volume of 965,553 shares. TransCanada Co. has a one year low of $48.00 and a one year high of $65.24. The stock has a market cap of $52.83 billion and a price-to-earnings ratio of 380.88. The stock’s 50 day moving average is $61.65 and its 200 day moving average is $61.17.
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A number of research analysts have weighed in on TRP shares. CIBC raised their price objective on TransCanada from C$66.00 to C$68.00 in a report on Thursday, February 9th. GMP Securities decreased their price objective on TransCanada from C$70.00 to C$68.00 in a report on Tuesday, March 14th. National Bank Financial raised their price objective on TransCanada from C$63.00 to C$66.00 in a report on Wednesday, January 25th. TD Securities restated a “buy” rating and issued a C$74.00 price objective on shares of TransCanada in a report on Tuesday, January 17th. Finally, Scotiabank restated an “outperform” rating and issued a C$69.00 price objective on shares of TransCanada in a report on Wednesday, January 25th. Seven equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of C$66.27.
TransCanada Company Profile
TransCanada Corp (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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