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

TC Energy (TSE:TRP) (NYSE:TRP) had its target price lifted by Barclays from C$92.00 to C$100.00 in a report released on Thursday,BayStreet.CA reports. Barclays‘s price objective would suggest a potential upside of 2.26% from the stock’s current price.

TRP has been the subject of several other reports. Citigroup lifted their price objective on shares of TC Energy from C$86.00 to C$95.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 31st. The Goldman Sachs Group raised shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 target price on the stock in a research note on Sunday, April 19th. National Bank Financial raised their target price on shares of TC Energy from C$92.00 to C$102.00 in a report on Monday, June 1st. Canadian Imperial Bank of Commerce raised their target price on shares of TC Energy from C$89.00 to C$94.00 in a report on Monday, May 4th. Finally, Raymond James Financial lifted their price target on shares of TC Energy from C$74.00 to C$78.00 in a research note on Monday, March 30th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$90.79.

TC Energy Price Performance

TSE:TRP opened at C$97.79 on Thursday. The firm has a market capitalization of C$101.87 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 1.69 and a beta of 0.69. The company has a debt-to-equity ratio of 224.52, a current ratio of 0.65 and a quick ratio of 0.40. The business has a 50 day simple moving average of C$95.63 and a 200-day simple moving average of C$87.69. TC Energy has a 1 year low of C$64.04 and a 1 year high of C$100.18.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Friday, May 1st. The company reported C$0.99 earnings per share for the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%.The firm had revenue of C$3.86 billion for the quarter. Equities analysts forecast that TC Energy will post 3.5490515 EPS for the current year.

Insider Buying and Selling

In other TC Energy news, Director Trevor Ebl sold 5,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$93.45, for a total value of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00. 0.03% of the stock is currently owned by company 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. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.