TransCanada Co. (TRP) PT Raised to C$75.00 at CIBC
TransCanada Co. (TSE:TRP) (NYSE:TRP) had its price objective lifted by stock analysts at CIBC from C$70.00 to C$75.00 in a research report issued on Tuesday. CIBC’s price target suggests a potential upside of 18.09% from the stock’s current price.
A number of other analysts have also recently commented on TRP. TD Securities upped their target price on shares of TransCanada from C$77.00 to C$79.00 and gave the company a “buy” rating in a report on Monday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a C$73.00 target price on shares of TransCanada in a report on Monday, July 31st. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$73.00.
Shares of TransCanada (TRP) traded up C$0.97 during mid-day trading on Tuesday, reaching C$63.51. 2,295,835 shares of the company’s stock were exchanged, compared to its average volume of 1,490,801. TransCanada has a twelve month low of C$58.12 and a twelve month high of C$65.24.
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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