Jefferies Financial Group Issues Positive Forecast for TC Energy (TSE:TRP) Stock Price

TC Energy (TSE:TRP) (NYSE:TRP) had its target price hoisted by Jefferies Financial Group from C$80.00 to C$88.00 in a report released on Tuesday morning,BayStreet.CA reports.

Several other analysts have also recently weighed in on TRP. National Bank Financial lifted their price target on TC Energy from C$85.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Tuesday. Canadian Imperial Bank of Commerce downgraded TC Energy from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from C$81.00 to C$85.00 in a report on Tuesday. Royal Bank Of Canada upped their price target on shares of TC Energy from C$84.00 to C$92.00 and gave the company an “outperform” rating in a research note on Tuesday. ATB Cormark Capital Markets boosted their price objective on shares of TC Energy from C$73.00 to C$80.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, BMO Capital Markets raised shares of TC Energy from a “hold” rating to an “outperform” rating and raised their target price for the stock from C$73.00 to C$83.00 in a report on Friday, November 7th. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$84.00.

TC Energy Stock Performance

TSE TRP opened at C$84.91 on Tuesday. The stock has a market cap of C$88.39 billion, a PE ratio of 25.97, a P/E/G ratio of 1.69 and a beta of 0.86. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. The firm has a 50-day moving average of C$77.53 and a 200-day moving average of C$74.49. TC Energy has a 52-week low of C$62.17 and a 52-week high of C$86.97.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Friday, February 13th. The company reported C$0.98 earnings per share for the quarter. The firm had revenue of C$4.17 billion for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. On average, sell-side analysts anticipate that TC Energy will post 3.5490515 EPS for the current year.

Key TC Energy News

Here are the key news stories impacting TC Energy this week:

• Positive Sentiment: Scotiabank raised its price target to C$93.00 and kept an “outperform” rating, implying meaningful upside versus the current level. This is a bullish signal from a large Canadian bank. Scotiabank raise
• Positive Sentiment: Royal Bank of Canada lifted its target to C$92.00 and retained an “outperform” view, supporting the case for further upside. RBC raise
• Positive Sentiment: Jefferies raised its target to C$88.00 (from C$80.00), a modest upside signal that reinforces bullishness from another sell‑side shop. Jefferies raise
• Neutral Sentiment: National Bank Financial nudged its target to C$86.00 and kept a “sector perform” rating — effectively neutral given the very small implied upside. National Bank update
• Negative Sentiment: Raymond James raised its target only to C$74.00 and maintained a “market perform” rating — the target implies a notable downside versus the current share level and is a clear bearish datapoint. Raymond James raise
• Negative Sentiment: ATB Cormark lifted its target to C$80.00 but kept a “sector perform” view; the target still implies downside and is a headwind for sentiment. ATB Cormark update
• Negative Sentiment: Canadian Imperial Bank of Commerce downgraded TRP from “outperform” to “neutral” (PT C$85.00). Even though the target rose slightly, the rating cut is a negative signal for momentum. CIBC downgrade
• Negative Sentiment: TD Securities downgraded the stock from “buy” to “hold” (PT C$88.00). Rating downgrades tend to pressure sentiment even when targets tick higher. TD downgrade

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.