TC Energy Co. (TSE:TRP) Receives C$73.25 Consensus Price Target from Brokerages

TC Energy Co. (TSE:TRP) (NYSE:TRP) has earned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$73.33.

Several analysts have weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. CIBC upped their price objective on shares of TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a research report on Thursday, January 9th. TD Securities raised their target price on shares of TC Energy from C$73.00 to C$74.00 and gave the company a “buy” rating in a report on Monday. Jefferies Financial Group upped their price target on shares of TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. Finally, Citigroup upgraded shares of TC Energy to a “hold” rating in a research report on Friday, April 4th.

Insider Activity at TC Energy

In other news, Director Francois Lionel Poirier purchased 4,800 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of C$65.05 per share, with a total value of C$312,239.52. Also, Director Gregory Romero acquired 1,600 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of C$43.95 per share, with a total value of C$70,319.84. Over the last ninety days, insiders have purchased 13,287 shares of company stock worth $842,568 and have sold 145,977 shares worth $9,810,511. 0.03% of the stock is currently owned by company insiders.

TC Energy Stock Performance

TSE:TRP opened at C$67.07 on Friday. The stock has a 50 day simple moving average of C$66.61 and a 200 day simple moving average of C$66.56. The stock has a market cap of C$69.16 billion, a P/E ratio of 13.34, a PEG ratio of 1.69 and a beta of 0.82. TC Energy has a 1-year low of C$44.29 and a 1-year high of C$70.97. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62.

TC Energy Company Profile

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.