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Zacks Investment Research announced TC Pipelines, LP (NYSE:TCP), upping its target price to $60.00 today

Only yesterday TC Pipelines, LP (NYSE:TCP) traded 2.58% higher at $53.00. TCP’s 50-day average is $53.44 and its two hundred day average is $53.31. The last stock price close is down 2.15% from the two hundred day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. 246,991 shares of TCP traded, up from ann average trading volume of 207,870.

In a statement issued on 8/22/2016 Zacks Investment Research upped the target price of TC Pipelines, LP (NYSE:TCP) from $0 to $60 reporting a possible upsideof 0.13%.

Previously on 6/20/2016, Barclays Capital released a statement for TC Pipelines, LP(NYSE:TCP) lowered the target price from $53.00 to $49.00. At the time, this indicated a possible downside of -0.11%.

Performance Chart:

TC Pipelines, LP (NYSE:TCP)

Also covering TC Pipelines, LP’s price target, a total of 8 firms have released a research note on TC Pipelines, LP. The average target is $56.75 with 0 rating the stock a strong buy, 0 rating the company a buy, 0 analysts rating the stock a hold, 0 rating the stock to underperform, and finally 0 analysts rating the company as sell.

With a market cap of $0.0, TC Pipelines, LP has a one-year low of $34.25 and a one-year high of $60.48 with a PE ratio of 160.

General Information About TC Pipelines, LP (NYSE:TCP)

TC PipeLines, LP is a limited partnership company that acquires, owns and participates in the management of energy infrastructure businesses in North America. The Company’s pipeline systems transport natural gas in the United States. The Company has approximately four pipelines and equity ownership interests in over three natural gas interstate pipeline systems that are collectively designed to transport natural gas from producing regions and import facilities to market hubs, and consuming markets primarily in the Western, Midwestern and Eastern United States. All of its pipeline systems are operated by subsidiaries of TransCanada. Its pipeline systems include Gas Transmission Northwest LLC (GTN), Northern Border Pipeline Company (Northern Border), Bison Pipeline LLC (Bison), Great Lakes Gas Transmission Limited Partnership (Great Lakes), North Baja Pipeline, LLC (North Baja), and Tuscarora Gas Transmission Company (Tuscarora) and Portland Natural Gas Transmission System (PNGTS).

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