TC Energy (TSE:TRP) Given New C$88.00 Price Target at Jefferies Financial Group

TC Energy (TSE:TRP) (NYSE:TRP) had its target price raised by Jefferies Financial Group from C$80.00 to C$88.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential upside of 3.69% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on TRP. National Bank Financial boosted their price objective on shares of TC Energy from C$85.00 to C$86.00 and gave the company a “sector perform” rating in a research report on Tuesday. ATB Cormark Capital Markets raised their price objective on TC Energy from C$73.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Tuesday. TD Securities downgraded shares of TC Energy from a “buy” rating to a “hold” rating and upped their target price for the stock from C$84.00 to C$88.00 in a report on Tuesday. Scotiabank boosted their price target on TC Energy from C$86.00 to C$93.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Raymond James Financial lifted their target price on TC Energy from C$71.00 to C$74.00 and gave the stock a “market perform” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$84.00.

TC Energy Trading Down 1.9%

Shares of TRP traded down C$1.65 during mid-day trading on Tuesday, reaching C$84.87. The company’s stock had a trading volume of 2,107,940 shares, compared to its average volume of 4,875,110. TC Energy has a 52 week low of C$62.17 and a 52 week high of C$86.97. The stock has a market cap of C$88.35 billion, a PE ratio of 25.95, a P/E/G ratio of 1.69 and a beta of 0.86. The company’s fifty day moving average price is C$77.33 and its two-hundred day moving average price is C$74.36. 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 (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Friday, February 13th. The company reported C$0.98 earnings per share (EPS) for the quarter. The business had revenue of C$4.17 billion for the quarter. TC Energy had a net margin of 32.39% and a return on equity of 17.25%. On average, analysts predict that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

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. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.