TransCanada Corporation Stock Price Declines Today

 TransCanada Corporation Stock Price Declines Today

The stock of TransCanada Corporation (TSE:TRP) is a huge mover today! About 319,250 shares traded hands. TransCanada Corporation (TSE:TRP) has risen 18.62% since April 12, 2016 and is uptrending. It has outperformed by 13.93% the S&P500.
The move comes after 7 months negative chart setup for the $47.95B company. It was reported on Nov, 16 by We have $53.59 PT which if reached, will make TSE:TRP worth $4.32B less.

TransCanada Corporation (TSE:TRP) Ratings Coverage

Out of 8 analysts covering TransCanada Corp (TSE:TRP), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $72 is the highest target while $47 is the lowest. The $63.27 average target is 7.44% above today’s ($58.89) stock price. TransCanada Corp has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. TransCanada Corporation maintained the stock with “Outperform” rating in Friday, October 14 report. On Thursday, September 1 the stock rating was maintained by Bank of America with “Buy”. The rating was initiated by BMO Capital Markets with “Outperform” on Friday, October 23. The firm has “Sector Outperformer” rating by IBC given on Monday, December 7. TD Securities maintained TransCanada Corporation (TSE:TRP) rating on Tuesday, October 11. TD Securities has “Buy” rating and $67 price target. The rating was maintained by RBC Capital Markets on Friday, June 10 with “Outperform”. JP Morgan initiated the stock with “Overweight” rating in Tuesday, December 15 report. National Bank Canada maintained the stock with “Sector Perform” rating in Thursday, November 19 report.

More notable recent TransCanada Corporation (TSE:TRP) news were published by: which released: “TransCanada Corporation: Solid Steps For A Bright Future?” on November 14, 2016, also with their article: “Form 6-K TRANSCANADA CORP For: Nov 16” published on November 16, 2016, published: “Dividend Investors: Should You Buy TransCanada Corporation or Telus Corporation?” on November 08, 2016. More interesting news about TransCanada Corporation (TSE:TRP) were released by: and their article: “TransCanada, No Longer A Pipe Dream” published on November 11, 2016 as well as‘s news article titled: “TransCanada Corporation Is in Trouble” with publication date: November 01, 2016.

TransCanada Corporation is an energy infrastructure company. The company has a market cap of $47.95 billion. The Firm operates through three divisions: Natural Gas Pipelines, Liquids Pipelines and Energy. It currently has negative earnings. 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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