TransCanada (TRP) PT Raised to C$76.00

TransCanada (TSE:TRP) (NYSE:TRP) had its target price increased by investment analysts at CIBC from C$75.00 to C$76.00 in a research note issued to investors on Thursday. CIBC’s price objective would indicate a potential upside of 27.58% from the company’s previous close.

Several other research firms have also issued reports on TRP. National Bank Financial lifted their price target on 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. Citigroup lifted their price target on TransCanada from C$68.00 to C$71.00 in a research report on Friday, December 8th. TD Securities raised 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 report on Friday, November 10th. Finally, JPMorgan Chase & Co. lifted their price target on TransCanada from C$74.00 to C$76.00 in a research report on Tuesday, December 5th. One 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 stock. TransCanada presently has an average rating of “Buy” and an average target price of C$73.56.

TransCanada (TSE:TRP) traded down C$1.48 on Thursday, hitting C$59.57. The stock had a trading volume of 2,022,216 shares, compared to its average volume of 1,104,552. The stock has a market cap of $52,480.00, a price-to-earnings ratio of 29.49 and a beta of 0.28. TransCanada has a 12-month low of C$59.23 and a 12-month high of C$65.24.

In other TransCanada news, Director Patrick M. Keys sold 600 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of C$64.83, for a total transaction of C$38,898.00. Over the last 90 days, insiders have sold 1,444 shares of company stock valued at $92,047.

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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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