In a latest note to investors, a research analyst has provided a rating update for the TransCanada Corporation (TRP). Scotiabank’s analyst Robert Hope reiterates their Buy rating on the shares, with a C$72 price target.
According to TipRanks.com, Hope is a 4-star analyst with an average return of 6.6% and a 67.2% success rate. Hope covers the Basic Materials sector, focusing on stocks such as TC Energy Corporation, Inter Pipeline Ltd, and Gibson Energy Inc.
Currently, the analyst consensus on TransCanada Corporation is a Moderate Buy with an average price target of C$69.50.
TransCanada Corporation’s market cap is currently C$60.69B and has a P/E ratio of 15.7. The company has a Price to Book ratio of 2.40.
TC Energy Corporation engages in the provision of energy infrastructure services. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, Power and Storage, and Corporate.
The company’s shares closed on Tuesday at C$66.66, close to its 52-week high of C$66.93.
