Shares of TC Energy Co. (TSE:TRP – Get Free Report) (NYSE:TRP) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$88.59 and traded as low as C$86.48. TC Energy shares last traded at C$87.52, with a volume of 3,450,738 shares changing hands.
Analysts Set New Price Targets
A number of brokerages have weighed in on TRP. Jefferies Financial Group upgraded shares of TC Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from C$100.00 to C$102.00 in a research report on Tuesday, September 1st. Royal Bank Of Canada upgraded shares of TC Energy to a “moderate buy” rating in a report on Friday, September 11th. National Bank Financial lifted their target price on shares of TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a report on Friday, July 31st. BMO Capital Markets lifted their target price on shares of TC Energy from C$94.00 to C$99.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Barclays boosted their target price on TC Energy from C$100.00 to C$102.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$96.29.
View Our Latest Stock Analysis on TC Energy
TC Energy Stock Performance
The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 229.63. The company has a market capitalization of C$91.18 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The stock’s fifty day simple moving average is C$86.10 and its 200-day simple moving average is C$88.59.
TC Energy Company Profile
We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.
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