TransCanada (TSE:TRP) (NYSE:TRP) had its price target upped by investment analysts at Citigroup from C$68.00 to C$71.00 in a report released on Friday. Citigroup’s price objective points to a potential upside of 12.38% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. TD Securities upgraded shares of TransCanada from a “buy” rating to an “action list buy” rating and upped their price objective for the stock from C$79.00 to C$81.00 in a research report on Friday, November 10th. CIBC upped their price objective on shares of TransCanada from C$70.00 to C$75.00 in a research report on Tuesday, November 21st. National Bank Financial upped their price objective on shares of TransCanada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 29th. Finally, J P Morgan Chase & Co upped their price objective on shares of TransCanada from C$74.00 to C$76.00 in a research report on Tuesday. One 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 stock. TransCanada currently has a consensus rating of “Buy” and a consensus price target of C$73.44.

TransCanada (TRP) traded up C$0.83 during midday trading on Friday, reaching C$63.18. 1,127,229 shares of the company were exchanged, compared to its average volume of 1,494,337. TransCanada has a 52 week low of C$58.62 and a 52 week high of C$65.24.

In other news, Director Mark Yeomans sold 1,400 shares of the business’s stock in a transaction dated 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 dated Monday, September 11th. The stock was sold at an average price of C$62.48, for a total transaction of C$62,480.00. In the last quarter, insiders sold 3,644 shares of company stock valued at $229,689.

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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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