TC Energy (TSE:TRP) Stock Price Expected to Rise, TD Securities Analyst Says

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP had its price target increased by equities research analysts at TD Securities from C$73.00 to C$74.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price indicates a potential upside of 7.46% from the company's previous close.

Several other brokerages also recently commented on TRP. Jefferies Financial Group lifted their target price on TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. Citigroup upgraded TC Energy to a "hold" rating in a report on Friday, April 4th. CIBC raised their price target on shares of TC Energy from C$68.00 to C$70.00 and gave the stock a "neutral" rating in a report on Thursday, January 9th. Veritas raised TC Energy from a "strong sell" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. Finally, US Capital Advisors raised TC Energy from a "hold" rating to a "moderate buy" rating in a research note on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, TC Energy currently has an average rating of "Moderate Buy" and a consensus price target of C$73.42.

TC Energy Trading Up 0.4 %

Shares of TRP stock traded up C$0.28 during trading hours on Monday, hitting C$68.86. 8,765,864 shares of the company's stock traded hands, compared to its average volume of 6,719,206. The company has a quick ratio of 0.40, a current ratio of 1.31 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 market cap of C$71.01 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The stock's 50 day simple moving average is C$66.81 and its 200 day simple moving average is C$66.68.

Insiders Place Their Bets

In related news, Director David Brast purchased 1,475 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of C$63.98 per share, with a total value of C$94,367.85. Also, Senior Officer Michele L. Waters acquired 1,525 shares of the company's stock in a transaction on Thursday, February 20th. The shares were bought at an average price of C$64.68 per share, for a total transaction of C$98,630.90. Over the last 90 days, insiders have acquired 13,287 shares of company stock worth $842,568 and have sold 145,977 shares worth $9,810,511. Corporate 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.