TC Energy (TSE:TRP) Stock Price Expected to Rise, TD Securities Analyst Says

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective upped by stock analysts at TD Securities from C$76.00 to C$81.00 in a research report issued on Friday,BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 12.34% from the stock’s current price.

A number of other equities analysts have also weighed in on TRP. CIBC lowered shares of TC Energy from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from C$76.00 to C$77.00 in a research report on Thursday, October 9th. National Bankshares lifted their price objective on shares of TC Energy from C$75.00 to C$76.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Citigroup set a C$75.00 price objective on shares of TC Energy and gave the company a “neutral” rating in a research report on Friday, September 5th. Jefferies Financial Group decreased their target price on shares of TC Energy from C$71.00 to C$68.00 in a research report on Wednesday, July 23rd. Finally, Cibc World Mkts cut shares of TC Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, TC Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.31.

TC Energy Stock Performance

TSE:TRP opened at C$72.10 on Friday. The firm’s fifty day moving average price is C$72.51 and its 200 day moving average price is C$69.02. TC Energy has a 1-year low of C$62.17 and a 1-year high of C$77.26. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. The firm has a market cap of C$74.96 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.84.

Insider Activity

In related news, Director Francois Lionel Poirier sold 53,946 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of C$70.49, for a total value of C$3,802,669.72. Following the sale, the director directly owned 113,550 shares in the company, valued at C$8,004,173.57. The trade was a 32.21% decrease in their position. Also, Director Siim A. Vanaselja sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of C$70.07, for a total transaction of C$2,802,640.00. Following the completion of the sale, the director owned 12,000 shares in the company, valued at C$840,792. This represents a 76.92% decrease in their ownership of the stock. 0.03% of the stock is owned by insiders.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system.