Several brokerages have updated their recommendations and price targets on shares of TransCanada (TSE: TRP) in the last few weeks:

  • 11/18/2016 – TransCanada had its “outperform” rating reaffirmed by analysts at CSFB. They now have a C$70.00 price target on the stock.
  • 11/17/2016 – TransCanada had its “outperform” rating reaffirmed by analysts at Scotiabank. They now have a C$69.00 price target on the stock.
  • 11/17/2016 – TransCanada had its price target raised by analysts at TD Securities from C$67.00 to C$74.00. They now have a “buy” rating on the stock.
  • 11/17/2016 – TransCanada had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a C$72.00 price target on the stock.
  • 10/31/2016 – TransCanada had its “outperform” rating reaffirmed by analysts at Scotiabank. They now have a C$69.00 price target on the stock.
  • 10/11/2016 – TransCanada had its “buy” rating reaffirmed by analysts at TD Securities. They now have a C$67.00 price target on the stock.

Shares of TransCanada Co. (TSE:TRP) traded down 1.33% during midday trading on Tuesday, reaching $60.13. 1,019,555 shares of the company traded hands. TransCanada Co. has a 1-year low of $40.58 and a 1-year high of $63.41. The company has a 50 day moving average price of $60.49 and a 200 day moving average price of $59.44. The company’s market capitalization is $48.10 billion.

In related news, Director Christine R. Johnston sold 430 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of C$61.15, for a total transaction of C$26,294.50.

TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines segment consists of the Company’s investments in approximately 67,300 kilometers (km) (approximately 41,900 miles) of regulated natural gas pipelines and over 250 billion cubic feet (Bcf) of regulated natural gas storage facilities.

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