John F. Soini Sells 200 Shares of TransCanada Co. (TRP) Stock
TransCanada Co. (TSE:TRP) Director John F. Soini sold 200 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of C$60.80, for a total value of C$12,160.00.
TransCanada Co. (TSE:TRP) traded up 1.78% during mid-day trading on Thursday, reaching $61.04. The company had a trading volume of 1,786,186 shares. TransCanada Co. has a 52 week low of $40.58 and a 52 week high of $62.44. The stock has a 50 day moving average of $60.74 and a 200 day moving average of $54.92. The stock’s market capitalization is $48.83 billion.
Several research firms have weighed in on TRP. Bank of America Corp. restated a “buy” rating and issued a C$68.00 price target on shares of TransCanada in a research note on Thursday, September 1st. TD Securities upped their price target on TransCanada from C$63.00 to C$67.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Scotiabank upped their price target on TransCanada from C$66.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. CSFB upped their price target on TransCanada from C$64.00 to C$70.00 in a research note on Monday, July 25th. Finally, CIBC upped their price objective on TransCanada from C$59.00 to C$66.00 in a report on Wednesday, July 20th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. TransCanada currently has an average rating of “Buy” and an average price target of C$61.57.
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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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