Brokerages Set TC Energy Co. (TSE:TRP) Price Target at C$73.25

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP has received an average recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$73.33.

A number of equities research analysts have weighed in on the company. US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. Royal Bank of Canada increased their price objective on TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. CIBC boosted their target price on shares of TC Energy from C$68.00 to C$70.00 and gave the company a "neutral" rating in a research note on Thursday, January 9th. Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. Finally, Citigroup raised shares of TC Energy to a "hold" rating in a research note on Friday, April 4th.

TC Energy Stock Performance

TC Energy stock traded up C$0.53 on Friday, hitting C$68.44. The company's stock had a trading volume of 335,906 shares, compared to its average volume of 6,638,169. The company has a fifty day moving average price of C$66.68 and a 200-day moving average price of C$66.58. The firm has a market cap of C$70.58 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a one year low of C$44.29 and a one year high of C$70.97. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62.

Insider Transactions at TC Energy

In other TC Energy news, Senior Officer Dawn Elizabeth De Lima sold 64,802 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of C$69.16, for a total transaction of C$4,481,913.69. Also, Director Francois Lionel Poirier acquired 4,800 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of C$65.05 per share, with a total value of C$312,239.52. Over the last three months, insiders have bought 13,287 shares of company stock valued at $842,568 and have sold 145,977 shares valued at $9,810,511. Insiders own 0.03% of the company's stock.

TC Energy Company Profile

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.