CIBC Sticks to Their Buy Rating for TransCanada Corporation (TRP)


TransCanada Corporation (TSX: TRP), the NA sector company, was revisited by a Wall Street analyst today. Analyst Robert Catellier from CIBC reiterated a Buy rating, with a C$76 price target.

According to TipRanks.com, Catellier is ranked #2545 out of 4881 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TransCanada Corporation with a C$73 average price target.

TransCanada Corporation’s market cap is currently C$48.56B and has a P/E ratio of 15.8. The company has a Price to Book ratio of 2.09.

TransCanada Corp. operates as an energy infrastructure company. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy. The Canadian Natural Gas Pipelines segment consists of regulated natural gas pipelines.

The company’s shares closed on Wednesday at C$54.09.

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