TC Energy Co. (TSE:TRP) Receives C$75.75 Consensus Target Price from Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have received an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$78.08.

A number of research analysts have recently commented on TRP shares. CIBC upgraded TC Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$77.00 to C$78.00 in a research note on Friday, November 7th. Raymond James Financial increased their target price on TC Energy from C$70.00 to C$72.00 in a research report on Monday. US Capital Advisors lowered TC Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, August 21st. Royal Bank Of Canada boosted their price target on TC Energy from C$74.00 to C$84.00 in a report on Friday, November 7th. Finally, Citigroup set a C$75.00 price objective on shares of TC Energy and gave the company a “neutral” rating in a report on Friday, September 5th.

TC Energy Price Performance

Shares of TSE:TRP opened at C$74.97 on Wednesday. TC Energy has a one year low of C$62.17 and a one year high of C$77.26. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. The company has a market cap of C$78.04 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.69 and a beta of 0.83. The firm has a 50 day simple moving average of C$72.83 and a 200 day simple moving average of C$69.65.

Insider Transactions at TC Energy

In other news, Director Francois Lionel Poirier sold 53,946 shares of the firm’s stock in a transaction on 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 transaction, the director owned 113,550 shares of the company’s stock, valued at approximately C$8,004,173.57. This trade represents a 32.21% decrease in their ownership of the stock. Company insiders own 0.03% of the company’s stock.

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.