TC Energy Co. (TSE:TRP) Receives C$73.25 Consensus Price Target from Brokerages

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$73.25.

TRP has been the subject of a number of research reports. Jefferies Financial Group raised their target price on shares of TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. Scotiabank raised their price objective on TC Energy from C$74.00 to C$75.00 in a research note on Wednesday, November 20th. TD Securities set a C$73.00 target price on TC Energy and gave the stock a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets upped their target price on TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. Finally, ATB Capital lifted their price target on TC Energy from C$64.00 to C$65.00 in a research note on Friday, November 8th.

Insider Transactions at TC Energy

In other TC Energy news, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total value of C$17,785,898.39. Also, Senior Officer Michele L. Waters bought 1,525 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was purchased at an average cost of C$64.68 per share, for a total transaction of C$98,630.90. Over the last three months, insiders purchased 15,940 shares of company stock valued at $1,007,506 and sold 323,620 shares valued at $21,335,744. 0.03% of the stock is owned by insiders.

TC Energy Price Performance

Shares of TSE TRP opened at C$65.20 on Friday. The firm has a 50-day moving average of C$66.50 and a two-hundred day moving average of C$65.28. The company has a market capitalization of C$67.24 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.69 and a beta of 0.82. 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 has a twelve month low of C$43.83 and a twelve month high of C$70.32.

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.