TC Energy (TSE:TRP) Price Target Raised to C$86.00

TC Energy (TSE:TRP) (NYSE:TRP) had its target price raised by Scotiabank from C$81.00 to C$86.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

TRP has been the subject of several other research reports. 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. CIBC increased their target price on TC Energy from C$78.00 to C$81.00 in a research report on Wednesday, December 17th. Raymond James Financial lifted their price target on TC Energy from C$70.00 to C$72.00 in a research report on Monday, November 10th. Jefferies Financial Group boosted their price objective on TC Energy from C$73.00 to C$74.00 in a research note on Tuesday, November 11th. Finally, Royal Bank Of Canada raised their target price on TC Energy from C$74.00 to C$84.00 in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$80.00.

TC Energy Stock Up 1.2%

Shares of TSE:TRP opened at C$76.41 on Friday. The company has a market capitalization of C$79.54 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 1.69 and a beta of 0.84. The business’s 50-day moving average is C$75.61 and its 200-day moving average is C$72.17. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. TC Energy has a 1 year low of C$62.17 and a 1 year high of C$77.76.

TC Energy (TSE:TRP) (NYSE:TRP) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.77 earnings per share (EPS) for the quarter. The business had revenue of C$3.70 billion during the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. Equities research analysts predict that TC Energy will post 3.5490515 earnings per share for the current year.

About TC Energy

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. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.