TC Energy Co. (TSE:TRP) Receives C$73.25 Average PT from Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$73.42.

A number of research analysts recently weighed in on the stock. CIBC increased their price objective on shares of TC Energy from C$70.00 to C$71.00 and gave the company a “neutral” rating in a research report on Thursday. Royal Bank of Canada increased their price target on TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. Jefferies Financial Group lifted their price objective on TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. TD Securities increased their target price on TC Energy from C$73.00 to C$74.00 and gave the company a “buy” rating in a report on Monday, April 21st. Finally, Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th.

Insider Activity

In other news, Director Joshua Gibbon purchased 600 shares of the stock in a transaction on Wednesday, March 19th. The stock was bought at an average price of C$69.15 per share, with a total value of C$41,492.88. Also, Director Francois Lionel Poirier bought 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of C$65.05 per share, with a total value of C$312,239.52. In the last quarter, insiders acquired 13,287 shares of company stock worth $842,568 and sold 145,977 shares worth $9,810,511. Company insiders own 0.03% of the company’s stock.

TC Energy Stock Up 0.4 %

TC Energy stock opened at C$68.86 on Friday. The firm has a market cap of C$71.01 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.69 and a beta of 0.82. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. TC Energy has a 12 month low of C$44.29 and a 12 month high of C$70.97. The stock has a fifty day simple moving average of C$66.81 and a two-hundred day simple moving average of C$66.63.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.