Analysts seem to be optimistic about TransCan (TSX: TRP) lately, as another research firm gave the stock a Buy rating yesterday. Analyst Ian Gillies from GMP FirstEnergy rated TransCan (TSX: TRP) a Buy, setting a C$73 price target.
According to TipRanks.com, Gillies is ranked #4545 out of 4848 analysts.
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Currently, the analyst consensus on TransCan is a Strong Buy with an average price target of C$72, a 22.6% upside from current levels. In a report issued on August 2, BMO Capital also reiterated a Buy rating on the stock with a C$69 price target.
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The company has a one-year high of C$65.18 and a one-year low of C$50.28. Currently, TransCan has an average volume of 1.84M.
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 Friday at C$58.75.