TransCanada Co. (TRP) Receives Average Recommendation of “Buy” from Brokerages
TransCanada Co. (TSE:TRP) (NYSE:TRP) has been given an average recommendation of “Buy” by the eight research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$73.43.
A number of analysts have recently commented on the stock. National Bank Financial lifted their price target on shares of TransCanada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 29th. CIBC lifted their price target on shares of TransCanada from C$70.00 to C$75.00 in a research note on Tuesday, November 21st. Finally, TD Securities upgraded shares of TransCanada from a “buy” rating to an “action list buy” rating and lifted their price target for the stock from C$79.00 to C$81.00 in a research note on Friday, November 10th.
Shares of TransCanada (TSE TRP) opened at C$61.76 on Tuesday. TransCanada has a 12 month low of C$58.12 and a 12 month high of C$65.24.
In related news, Director Mark Yeomans sold 1,400 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of C$62.65, for a total transaction of C$87,710.00. Also, Director Stephanie Wilson sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of C$62.48, for a total transaction of C$62,480.00. Insiders have sold 3,532 shares of company stock valued at $222,780 over the last 90 days.
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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