TransCanada (TSE:TRP) (NYSE:TRP) had its price target decreased by TD Securities from C$81.00 to C$77.00 in a research report report published on Friday, February 16th. TD Securities currently has an action list buy rating on the stock.
Other research analysts have also recently issued research reports about the stock. BMO Capital Markets dropped their price objective on shares of TransCanada from C$73.00 to C$69.00 in a research report on Tuesday, February 6th. CIBC boosted their price objective on shares of TransCanada from C$75.00 to C$76.00 in a research report on Thursday, January 11th. National Bank Financial upped their target price on shares of TransCanada from C$68.00 to C$69.00 and gave the company a sector perform rating in a research report on Wednesday, November 29th. Citigroup upped their target price on shares of TransCanada from C$68.00 to C$71.00 in a research report on Friday, December 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of TransCanada from C$74.00 to C$76.00 in a research report on Tuesday, December 5th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$72.33.
TransCanada (TSE TRP) traded down C$0.24 during midday trading on Friday, reaching C$57.10. The company’s stock had a trading volume of 1,899,151 shares, compared to its average volume of 2,070,000. The firm has a market capitalization of $50,330.00, a P/E ratio of 22.66 and a beta of 0.22. TransCanada has a 12 month low of C$52.05 and a 12 month high of C$65.18.
In other news, Director David B. Moneta bought 2,030 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were bought at an average cost of C$37.93 per share, with a total value of C$76,997.90. Also, insider Anthony M. Palmer bought 2,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was purchased at an average cost of C$56.74 per share, for a total transaction of C$113,480.00. Over the last ninety days, insiders purchased 7,896 shares of company stock valued at $410,145 and sold 5,101 shares valued at $291,724.
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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.
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