TransCanada’s (TRP) “Outperform” Rating Reiterated at Scotiabank

TransCanada’s (TRP) “Outperform” Rating Reiterated at Scotiabank

Scotiabank reiterated their outperform rating on shares of TransCanada Co. (TSE:TRP) (NYSE:TRP) in a research note published on Wednesday. Scotiabank currently has a C$69.00 price target on the stock.

A number of other equities research analysts have also recently weighed in on the company. TD Securities reiterated a buy rating and issued a C$74.00 price objective on shares of TransCanada in a research note on Tuesday, January 17th. Royal Bank Of Canada reiterated an outperform rating and issued a C$72.00 price objective on shares of TransCanada in a research note on Thursday, November 17th. CSFB reiterated an outperform rating and issued a C$70.00 price objective on shares of TransCanada in a research note on Friday, November 18th. Finally, National Bank Financial boosted their price objective on TransCanada from C$63.00 to C$66.00 in a research note on Wednesday, January 25th. Seven research analysts have rated the stock with a buy rating, TransCanada has an average rating of Buy and a consensus price target of C$64.08.

TransCanada (TSE:TRP) opened at 62.71 on Wednesday. TransCanada has a one year low of $46.63 and a one year high of $65.24. The firm has a 50-day moving average price of $61.41 and a 200-day moving average price of $60.94. The stock’s market cap is $50.17 billion.

TransCanada Company Profile

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.

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