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TransCanada Corporation (USA) (NYSE:TRP) stock price target increased to $54.00, issued a research note today by Zacks Investment Research

In a report issued Saturday July 08, 2017 Zacks Investment Research upped the price target of TransCanada Corporation (USA) (NYSE:TRP) to $54.00 stating a potential upside of 0.12%.

On 5/15/2017, Wolfe Research released a statement about TransCanada Corporation (USA) (NYSE:TRP) upped the target price from $0.00 to $53.00. At the time, this indicated a possible upside of 0.14%.

Yesterday TransCanada Corporation (USA) (NYSE:TRP) traded 0.43% higher at $48.33. TRP’s 50-day average is $49.64 and its two hundred day average is $47.53. With the last stock price close up 3.69% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Volume of trade was down over the average, with 556,490 shares of TRP changing hands under the typical 1,308,620

Performance Chart

TransCanada Corporation (USA) (NYSE:TRP)

TransCanada Corporation (USA) has a 52 week low of $42.69 and a 52 week high of $51.81 with a P/E ratio of 50.87 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $48.19 with 0 analysts rating the company a strong buy, three analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About TransCanada Corporation (USA) (NYSE:TRP)

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. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines and Energy. The Company operates in three businesses: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines and Liquids Pipelines segments principally consist of its respective natural gas and liquids pipelines in Canada, the United States and Mexico, as well as its regulated natural gas storage operations in the United States. The Energy segment includes its power operations and the non-regulated natural gas storage business in Canada. TransCanada PipeLines Limited (TCPL) is its principal operating subsidiary.

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