TransCanada (TSE:TRP) (NYSE:TRP) had its price objective boosted by investment analysts at J P Morgan Chase & Co from C$74.00 to C$76.00 in a note issued to investors on Tuesday. J P Morgan Chase & Co’s price target points to a potential upside of 23.06% from the company’s previous close.

Several other analysts also recently issued reports on TRP. TD Securities raised TransCanada from a “buy” rating to an “action list buy” rating and raised their price target for the stock from C$79.00 to C$81.00 in a report on Friday, November 10th. CIBC raised their price target on TransCanada from C$70.00 to C$75.00 in a report on Tuesday, November 21st. Finally, National Bank Financial raised their price target on TransCanada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$73.75.

TransCanada (TRP) traded up C$0.10 during trading hours on Tuesday, reaching C$61.76. The company’s stock had a trading volume of 1,245,962 shares, compared to its average volume of 1,499,054. TransCanada has a 52 week low of C$58.12 and a 52 week high of C$65.24.

In related news, Director Mark Yeomans sold 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of C$62.65, for a total value of C$87,710.00. Also, Director Patrick M. Keys sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of C$64.83, for a total value of C$38,898.00. In the last three months, insiders sold 3,532 shares of company stock worth $222,780.

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About TransCanada

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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