In a new note to investors on April 25, an analyst has provided a rating update for TransCanada Corporation (TRP). The company received a Buy on April 25 from GMP FirstEnergy’s analyst Ian Gillies, with a C$69 price target.
According to TipRanks.com, Gillies is ranked 0 out of 5 stars with an average return of -5.6% and a 45.5% success rate. Gillies covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Precision Drilling, and Inter Pipeline Ltd.
TransCanada Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$67.50.
The company has a one-year high of C$64.46 and a one-year low of C$47.90. Currently, TransCanada Corporation has an average volume of 2.75M.
TransCanada Corp. is 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 Tuesday at C$63.86, close to its 52-week high of C$64.46.
