Other research analysts also recently issued research reports about the stock. National Bank Financial dropped their price objective on shares of Tc Pipelines from C$65.00 to C$61.00 and set a sector perform rating on the stock in a report on Wednesday, January 23rd. UBS Group boosted their price objective on shares of Tc Pipelines from C$57.00 to C$58.00 in a report on Monday, January 28th. Royal Bank of Canada boosted their price objective on shares of Tc Pipelines from C$65.00 to C$71.00 and gave the stock an outperform rating in a report on Tuesday, May 7th. Finally, TD Securities dropped their price objective on shares of Tc Pipelines from C$74.00 to C$73.00 in a report on Friday, February 15th.
Tc Pipelines stock traded down C$0.29 on Tuesday, reaching C$65.31. 2,055,844 shares of the stock were exchanged, compared to its average volume of 2,576,732. The firm has a market cap of $61.79 billion and a price-to-earnings ratio of 15.64. The company has a debt-to-equity ratio of 163.50, a current ratio of 0.37 and a quick ratio of 0.27. Tc Pipelines has a twelve month low of C$47.90 and a twelve month high of C$66.93.
In other news, Director Paul E. Miller sold 12,100 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of C$61.00, for a total value of C$738,100.00. Following the transaction, the director now owns 32,944 shares in the company, valued at approximately C$2,009,584. Also, Director Christine R. Johnston purchased 725 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of C$59.73 per share, for a total transaction of C$43,304.25. Following the transaction, the director now directly owns 725 shares in the company, valued at approximately C$43,304.25. In the last quarter, insiders sold 24,300 shares of company stock valued at $1,472,633.
Tc Pipelines Company Profile
TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, and other businesses.
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