TC Energy (TSE:TRP) Given New C$105.00 Price Target at Scotiabank

TC Energy (TSE:TRP) (NYSE:TRP) had its price target lifted by Scotiabank from C$97.00 to C$105.00 in a report published on Tuesday,BayStreet.CA reports. Scotiabank currently has a sector outperform rating on the stock.

Several other research firms have also recently issued reports on TRP. Morgan Stanley cut shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 target price on the stock. in a research note on Wednesday, June 10th. Barclays lifted their price target on shares of TC Energy from C$92.00 to C$100.00 in a research note on Thursday, July 16th. National Bank Financial boosted their price objective on shares of TC Energy from C$92.00 to C$102.00 in a report on Monday, June 1st. Raymond James Financial increased their price objective on shares of TC Energy from C$74.00 to C$78.00 in a research report on Monday, March 30th. Finally, ATB Cormark Capital Markets raised their target price on shares of TC Energy from C$87.00 to C$92.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$91.64.

TC Energy Stock Up 0.5%

TC Energy stock opened at C$96.82 on Tuesday. The firm has a market cap of C$100.86 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 1.69 and a beta of 0.69. The stock has a fifty day simple moving average of C$95.88 and a two-hundred day simple moving average of C$88.06. TC Energy has a 12 month low of C$64.04 and a 12 month high of C$100.18. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 224.52.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Friday, May 1st. The company reported C$0.99 earnings per share (EPS) 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 predict that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insider Buying and Selling at TC Energy

In other news, Director Trevor Ebl sold 5,000 shares of TC Energy stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$93.45, for a total transaction of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total transaction of C$147,585.00. Company insiders own 0.03% of the company’s stock.

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.