TC Energy (TSE:TRP) PT Set at C$75.00 by Citigroup

TC Energy (TSE:TRP) (NYSE:TRP) has been given a C$75.00 target price by equities researchers at Citigroup in a report issued on Friday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 4.41% from the stock’s previous close.

Other analysts have also issued research reports about the stock. National Bankshares upped their target price on shares of TC Energy from C$75.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Barclays upped their target price on shares of TC Energy from C$74.00 to C$75.00 in a research note on Thursday, August 14th. Jefferies Financial Group reduced their target price on shares of TC Energy from C$71.00 to C$68.00 in a research note on Wednesday, July 23rd. Finally, US Capital Advisors lowered shares of TC Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 21st. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, TC Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$74.46.

TC Energy Stock Performance

Shares of TRP stock opened at C$71.83 on Friday. The firm has a market capitalization of C$74.68 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The firm has a fifty day simple moving average of C$67.79 and a two-hundred day simple moving average of C$67.64. 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 has a 12 month low of C$55.30 and a 12 month high of C$72.35.

About TC Energy

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.