TransCanada Corporation (TRP) : Analyst Rating Update

TransCanada Corporation (TRP) has an average broker rating of 2.25, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

TransCanada Corporation (TRP) : The highest level TransCanada Corporation (TRP) is projected to reach is $58 for the short term and the lowest estimate is at $44. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $49.13 and the possibility the share price can swing is $7.73.

TransCanada Corporation (NYSE:TRP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.87 and $45.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.61, notching a gain of 1.15% for the day. The total traded volume was 1,051,429 . The stock had closed at $46.08 on the previous day.

Also, Brokerage firm Barclays maintains its rating on TransCanada Corporation (NYSE:TRP). As per the latest information, the brokerage house raises the price target to $43 per share from a prior target of $33. The shares have been rated Equal-weight. The rating by the firm was issued on May 2, 2016. The company shares have rallied 17.67% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $46.22 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $42.95 and the 200 Day Moving Average price is recorded at $38.02.

TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. Natural Gas Pipelines and Liquids Pipelines consist of its respective natural gas and liquids pipelines in Canada, the United States and Mexico, as well as its regulated natural gas storage operations in the United States. Its natural gas pipeline network transports natural gas to local distribution companies, power generation facilities and other businesses across Canada, the United States and Mexico. Its existing liquids pipeline infrastructure connects Alberta and the United States crude oil supplies to the United States refining markets in Illinois, Oklahoma and Texas, as well as connecting the United States crude oil supplies from the Cushing, Oklahoma hub to refining markets in the United States Gulf Coast. Energy includes its power operations and the non-regulated natural gas storage business in Canada.

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