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TransCanada Corporation (TSE:TRP) target price raised to $68.00, reported today by CIBC World Markets

TransCanada Corporation (TSE:TRP) had its price target upped to $68.00 by CIBC World Markets in a report released 2/09/2017. The new target price indicates a possible upside of 0.10% based on the company's previous stock close price.

Previously on Wednesday January 25, 2017, National Bank Financial reported about TransCanada Corporation (TSE:TRP) raised the target price from $63.00 to $66.00. At the time, this indicated a possible upside of 0.02%.

Yesterday TransCanada Corporation (TSE:TRP) traded -0.03% lower at $61.90. The company’s 50-day moving average is $61.73 and its 200-day moving average is $61.03. The last stock close price is up 1.52% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 1,326,233 shares of the stock were exchanged, down from an average trading volume of 1,753,850

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TransCanada Corporation (TSE:TRP)

TransCanada Corporation has a 52 week low of $46.81 and a 52 week high of $65.24 The company’s market cap is currently $0.

In addition to CIBC World Markets reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is $52.39 with 2 firms rating the stock a strong buy, 10 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About TransCanada Corporation (TSE:TRP)

TransCanada Corp (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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