A statement released earlier today by Scotia Capital about TransCanada Corporation (TSE:TRP) bumps the target price to $69.00
- Updated: September 27, 2016
Scotia Capital bumped up the target of TransCanada Corporation (TSE:TRP) to $69.00 stating a potential upside of 0.11%.
On 9/22/2016, Scotia Capital released a statement for TransCanada Corporation (TSE:TRP) bumped up the target price from $68.00 to $69.00 that suggested an upside of 0.09%.
Boasting a price of $62.18, TransCanada Corporation (TSE:TRP) traded -0.26% lower on the day. With the last stock price close up 10.86% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. TransCanada Corporation has recorded a 50-day average of $61.25 and a two hundred day average of $56.09. Volume of trade was down over the average, with 944,059 shares of TRP changing hands under the typical 1,690,460
With a total market value of $0, TransCanada Corporation has with a one year low of $40.58 and a one year high of $63.41 .
A total of 13 brokerages have issued a ratings update on TransCanada Corporation. One brokerage rating the company a strong buy, nine brokerages rating the company a buy, three brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $50.62.
General Company Details For TransCanada Corporation (TSE:TRP)
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. These assets are located in Canada, the United States and Mexico. The Liquids Pipelines segment consists of approximately 4,250 km (approximately 2,640 miles) of crude oil pipeline systems, which connect Alberta and the United States crude oil supplies to the United States refining markets in Illinois, Oklahoma and Texas. The Energy segment consists of the Company's investments in over 20 electrical power generation plants and approximately two non-regulated natural gas storage facilities.
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