TC Energy Co. (TSE:TRP) Director Joshua Gibbon Purchases 600 Shares of Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Joshua Gibbon bought 600 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average price of C$69.15 per share, for a total transaction of C$41,492.88.

TC Energy Stock Up 1.4 %

TRP opened at C$69.20 on Thursday. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. The company has a market capitalization of C$71.36 billion, a PE ratio of 13.76, a P/E/G ratio of 1.69 and a beta of 0.82. The stock’s fifty day moving average is C$66.42 and its 200-day moving average is C$65.76. TC Energy Co. has a one year low of C$43.83 and a one year high of C$70.32.

Analyst Ratings Changes

A number of analysts have recently issued reports on TRP shares. Jefferies Financial Group lifted their price objective on shares of TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. Veritas raised shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Royal Bank of Canada boosted their price target on TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. Wells Fargo & Company upped their target price on TC Energy from C$74.00 to C$76.00 in a research report on Wednesday, November 20th. Finally, BMO Capital Markets upped their price target on shares of TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. Six analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, TC Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$73.25.

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.