TC Energy (TSE:TRP - Get Free Report) NYSE: TRP had its price target lowered by equities research 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 indicates a potential upside of 5.04% from the company's current price.
Several other analysts have also issued reports on the stock. Cibc World Mkts upgraded shares of TC Energy from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Scotiabank boosted their target price on TC Energy from C$75.00 to C$77.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Citigroup raised TC Energy to a "hold" rating in a research report on Friday, April 4th. TD Securities boosted their target price on TC Energy from C$74.00 to C$76.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, CIBC boosted their target price on TC Energy from C$71.00 to C$76.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$73.92.
Get Our Latest Stock Report on TRP
TC Energy Price Performance
TRP traded down C$0.16 during trading on Wednesday, reaching C$64.74. The company's stock had a trading volume of 5,687,868 shares, compared to its average volume of 6,556,851. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The firm has a fifty day simple moving average of C$66.87 and a two-hundred day simple moving average of C$67.10. TC Energy has a 1 year low of C$52.23 and a 1 year high of C$71.12. The company has a market cap of C$66.76 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.69 and a beta of 0.82.
Insider Buying and Selling at TC Energy
In other news, Director Susanne Beaton sold 8,020 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of C$70.00, for a total value of C$561,400.00. Also, Director Troy Tally sold 2,477 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of C$69.19, for a total transaction of C$171,395.07. Insiders sold a total of 45,070 shares of company stock worth $3,141,916 over the last 90 days. 0.03% of the stock is currently owned by insiders.
About TC Energy
(
Get Free Report)
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.
Read More
Before you consider TC Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TC Energy wasn't on the list.
While TC Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access