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Scotia Capital disclosed TransCanada Corporation (TSE:TRP), boosting its price target to $69.00 earlier today

Reporting as potential upside of 0.09%, Scotia Capital upped the price target of TransCanada Corporation (TSE:TRP) to $69.00

On Monday September 12, 2016, TransCanada Corporation released a statement about TransCanada Corporation (TSE:TRP) upped the target price from $0.00 to $68.00 that suggested an upside of 0.10%.

Having a price of $63.12, TransCanada Corporation (TSE:TRP) traded 1.04% higher on the day. With the last stock price up 13.25% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. TRP has recorded a 50-day average of $61.06 and a two hundred day average of $55.73. Trade Volume was down over the average, with 665,523 shares of TRP changing hands under the typical 1,726,380

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TransCanada Corporation (TSE:TRP)

TransCanada Corporation has with a one year low of $40.58 and a one year high of $63.15 and has a total market value of $0.

A total of 13 equity analysts have released a ratings update on TRP. One analyst rating the company a strong buy, nine analysts rating the company a buy, three analysts rating the company a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $50.62.

About 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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