TC Energy (TSE:TRP) Given New C$80.00 Price Target at TD Securities

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective decreased by TD Securities from C$81.00 to C$80.00 in a report issued on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

TRP has been the topic of several other reports. National Bankshares boosted their target price on TC Energy from C$75.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Barclays increased their price objective on TC Energy from C$75.00 to C$80.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Scotiabank lifted their price objective on shares of TC Energy from C$77.00 to C$80.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Cibc World Mkts lowered shares of TC Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Finally, CIBC downgraded shares of TC Energy from an “outperform” rating to a “neutral” rating and boosted their target price for the company from C$76.00 to C$77.00 in a research report on Thursday, October 9th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$77.64.

TC Energy Stock Up 2.8%

TRP traded up C$1.99 during trading on Friday, hitting C$73.26. The stock had a trading volume of 4,728,039 shares, compared to its average volume of 6,052,171. The stock has a 50 day simple moving average of C$72.69 and a two-hundred day simple moving average of C$69.54. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. TC Energy has a twelve month low of C$62.17 and a twelve month high of C$77.26. The company has a market capitalization of C$76.26 billion, a PE ratio of 17.96, a PEG ratio of 1.69 and a beta of 0.83.

Insider Transactions at TC Energy

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