TransCanada Co. (TRP) Director Purchases C$99,568.00 in Stock

TransCanada Co. (TSE:TRP) (NYSE:TRP) Director Dean C. Patry purchased 1,600 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was purchased at an average cost of C$62.23 per share, with a total value of C$99,568.00.

Shares of TransCanada Co. (TSE:TRP) traded down 0.33% on Friday, hitting $63.35. The stock had a trading volume of 1,273,059 shares. The company has a market cap of $54.92 billion and a PE ratio of 395.94. The stock’s 50-day moving average price is $62.10 and its 200 day moving average price is $61.31. TransCanada Co. has a 52 week low of $50.33 and a 52 week high of $65.24.

Insider Buying and Selling by Quarter for TransCanada (TSE:TRP)

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A number of brokerages have issued reports on TRP. Wells Fargo & Co reaffirmed an “outperform” rating on shares of TransCanada in a research report on Friday, March 31st. GMP Securities decreased their target price on TransCanada from C$70.00 to C$68.00 in a research report on Tuesday, March 14th. Scotiabank reaffirmed an “outperform” rating and set a C$69.00 target price on shares of TransCanada in a research report on Tuesday, March 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a C$72.00 target price on shares of TransCanada in a research report on Thursday, February 23rd. Finally, TD Securities upped their target price on TransCanada from C$74.00 to C$75.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. Seven equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of C$69.00.

About TransCanada

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.

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