Jefferies Financial Group Issues Pessimistic Forecast for TC Energy (TSE:TRP) Stock Price

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP had its price objective decreased by investment analysts at Jefferies Financial Group from C$71.00 to C$68.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group's price objective points to a potential upside of 5.04% from the company's previous close.

Other analysts also recently issued research reports about the stock. CIBC increased their target price on shares of TC Energy from C$71.00 to C$76.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Cibc World Mkts upgraded shares of TC Energy from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. TD Securities raised their price objective on shares of TC Energy from C$74.00 to C$76.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Scotiabank raised their price objective on shares of TC Energy from C$75.00 to C$77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Citigroup upgraded shares of TC Energy to a "hold" rating in a report on Friday, April 4th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$73.92.

TC Energy Stock Down 0.2%

Shares of TRP stock traded down C$0.16 on Wednesday, hitting C$64.74. The stock had a trading volume of 5,687,868 shares, compared to its average volume of 6,556,851. The business has a 50 day moving average of C$66.87 and a 200 day moving average of C$67.11. The stock has a market cap of C$66.76 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. TC Energy has a 12-month low of C$52.23 and a 12-month high of C$71.12.

Insider Buying and Selling

In other news, Senior Officer Anita Elizabeth Dusevic Oliva acquired 14,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was bought at an average cost of C$68.92 per share, for a total transaction of C$964,880.00. Also, Director Susanne Beaton sold 8,020 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of C$70.00, for a total transaction of C$561,400.00. Insiders sold 45,070 shares of company stock valued at $3,141,916 in the last three months. Insiders own 0.03% of the company's stock.

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.