TD Securities Issues Positive Forecast for TC Energy (TSE:TRP) Stock Price

TC Energy (TSE:TRP) (NYSE:TRP) had its target price boosted by TD Securities from C$73.00 to C$74.00 in a research report report published on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on TRP. Royal Bank of Canada raised their price objective on TC Energy from C$71.00 to C$74.00 in a research report on Tuesday, February 18th. CIBC lifted their price target on shares of TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research report on Thursday, January 9th. Citigroup upgraded TC Energy to a “hold” rating in a report on Friday, April 4th. Jefferies Financial Group upped their target price on TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. Finally, US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$73.33.

TC Energy Trading Down 2.0 %

Shares of TRP stock opened at C$67.07 on Monday. The stock’s fifty day simple moving average is C$66.61 and its 200 day simple moving average is C$66.56. TC Energy has a twelve month low of C$44.29 and a twelve month high of C$70.97. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The firm has a market capitalization of C$69.16 billion, a P/E ratio of 13.34, a P/E/G ratio of 1.69 and a beta of 0.82.

Insider Buying and Selling

In other TC Energy news, Director Danika Yeager bought 1,817 shares of TC Energy stock in a transaction dated Thursday, March 27th. The shares were purchased at an average cost of C$69.23 per share, with a total value of C$125,784.97. Also, Senior Officer Michele L. Waters purchased 1,525 shares of TC Energy stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of C$64.68 per share, for a total transaction of C$98,630.90. In the last quarter, insiders bought 13,287 shares of company stock worth $842,568 and sold 145,977 shares worth $9,810,511. 0.03% of the stock is currently owned by corporate insiders.

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.