Investment analysts at Scotiabank cut their price objective on shares of Transcanada (TSE:TRP) from C$57.00 to C$55.00 in a note issued to investors on Wednesday, AR Network reports. Scotiabank’s price objective indicates a potential upside of 20.22% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at TD Securities raised their price target on shares of Transcanada (TSE:TRP) from C$52.00 to C$54.00 in a research note to investors on Tuesday, August 6th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Transcanada (TSE:TRP) from C$52.00 to C$55.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Transcanada (TSE:TRP) from C$55.00 to C$57.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock.
Five equities research analysts have rated the stock with a buy rating, Transcanada currently has a consensus rating of “Buy” and a consensus target price of C$54.63.
Shares of Transcanada (TSE:TRP) traded down 0.93% during mid-day trading on Wednesday, hitting $45.75. The stock had a trading volume of 1,081,787 shares. Transcanada has a 52 week low of $43.16 and a 52 week high of $51.21. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.. The company has a market cap of $32.345 billion and a price-to-earnings ratio of 21.99.
TransCanada Corporation (TSE:TRP) is a North American energy infrastructure company focused on natural gas pipelines, oil pipelines and energy.