TransCanada Corporation Just Recorded A Sigfniciant Increase

 TransCanada Corporation Just Recorded A Sigfniciant Increase

The stock of TransCanada Corporation (TSE:TRP) is a huge mover today! About 408,946 shares traded hands. TransCanada Corporation (TSE:TRP) has risen 18.67% since April 26, 2016 and is uptrending. It has outperformed by 13.44% the S&P500.
The move comes after 9 months positive chart setup for the $51.80 billion company. It was reported on Nov, 30 by Barchart.com. We have $64.68 PT which if reached, will make TSE:TRP worth $3.63B more.

TransCanada Corporation (TSE:TRP) Ratings Coverage

Out of 9 analysts covering TransCanada Corp (TSE:TRP), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. $74 is the highest target while $47 is the lowest. The $65.18 average target is 7.82% above today’s ($60.45) stock price. TransCanada Corp has been the topic of 26 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, June 10. National Bank Canada maintained it with “Sector Perform” rating and $57 target price in Thursday, November 19 report. The firm has “Sector Outperformer” rating by IBC given on Monday, December 7. Bank of America maintained TransCanada Corporation (TSE:TRP) on Thursday, September 1 with “Buy” rating. As per Thursday, November 17, the company rating was maintained by RBC Capital Markets. The rating was maintained by Credit Suisse with “Outperform” on Friday, November 18. The firm has “Buy” rating given on Tuesday, October 11 by TD Securities. The company was maintained on Friday, October 14 by TransCanada Corporation. On Thursday, November 17 the stock rating was maintained by Scotia Capital with “Outperform”. JP Morgan initiated the stock with “Overweight” rating in Tuesday, December 15 report.

More important recent TransCanada Corporation (TSE:TRP) news were published by: Seekingalpha.com which released: “TransCanada Corporation: Solid Steps For A Bright Future?” on November 14, 2016, also Fool.ca published article titled: “Did TransCanada Corporation Just Cost Canadian Natural Resources Limited …”, Fool.ca published: “Dividend Investors: Should You Buy TransCanada Corporation or Telus Corporation?” on November 08, 2016. More interesting news about TransCanada Corporation (TSE:TRP) was released by: Fool.ca and their article: “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 $51.80 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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