Shares of TransCanada Co. (TSE:TRP) (NYSE:TRP) have earned an average rating of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$73.44.

A number of brokerages recently commented on TRP. National Bank Financial upped their price target on shares of TransCanada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 29th. Citigroup upped their price target on shares of TransCanada from C$68.00 to C$71.00 in a research note on Friday. J P Morgan Chase & Co upped their price target on shares of TransCanada from C$74.00 to C$76.00 in a research note on Tuesday. TD Securities upgraded shares of TransCanada from a “buy” rating to an “action list buy” rating and upped their price target for the company from C$79.00 to C$81.00 in a research note on Friday, November 10th. Finally, CIBC upped their price target on shares of TransCanada from C$70.00 to C$75.00 in a research note on Tuesday, November 21st.

Shares of TransCanada (TSE TRP) traded down C$0.19 on Tuesday, reaching C$62.99. 1,686,482 shares of the company were exchanged, compared to its average volume of 1,495,148. TransCanada has a twelve month low of C$58.62 and a twelve month high of C$65.24.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.97%. TransCanada’s payout ratio is presently 120.79%.

In other TransCanada news, Director Patrick M. Keys sold 600 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of C$64.83, for a total transaction of C$38,898.00. Also, Director Stephanie Wilson sold 1,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of C$62.48, for a total transaction of C$62,480.00. In the last 90 days, insiders have sold 3,644 shares of company stock worth $229,689.

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TransCanada Company Profile

TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.

Analyst Recommendations for TransCanada (TSE:TRP)

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