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.

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In other news, Director Stephanie Wilson sold 1,000 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of C$62.48, for a total value of C$62,480.00. Also, Director Mark Yeomans sold 1,400 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of C$62.65, for a total transaction of C$87,710.00. Over the last three months, insiders sold 8,728 shares of company stock valued at $550,888.

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)

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