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TransCanada Corporation (TSE:TRP) target price raised to $72.00, reported today by TransCanada Corporation

Yesterday TransCanada Corporation (TSE:TRP) traded -0.61% lower at $60.90. The company’s 50-day moving average is $61.33 and its 200-day moving average is $57.11. The last stock close price is up 6.34% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 546,433 shares of the stock were exchanged, down from an average trading volume of 1,363,560

TransCanada Corporation (TSE:TRP) had its target price raised to $72.00 by TransCanada Corporation in a report released 10/14/2016. The new target price indicates a possible upside of 0.18% based on the company's last stock close price.

Previously on Tuesday September 27, 2016, Scotia Capital reported about TransCanada Corporation (TSE:TRP) raised the target price from $0.00 to $69.00. At the time, this indicated a possible upside of 0.11%.

See Chart Below

TransCanada Corporation (TSE:TRP)

TransCanada Corporation has a 52 week low of $40.58 and a 52 week high of $63.41 The company’s market cap is currently $0.

In addition to TransCanada Corporation reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is $50.62 with 1 firm rating the stock a strong buy, 9 firms rating the stock a buy, 3 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 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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