TC Energy Co. (TSE:TRP) Given Average Rating of “Moderate Buy” by Brokerages

TC Energy Co. (TSE:TRP) (NYSE:TRP) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$73.25.

A number of analysts have recently commented on TRP shares. Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. CIBC upped their price target on shares of TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a report on Thursday, January 9th. Royal Bank of Canada raised their price objective on shares of TC Energy from C$71.00 to C$74.00 in a research report on Tuesday, February 18th. Jefferies Financial Group increased their target price on shares of TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. Finally, BMO Capital Markets lifted their price target on shares of TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th.

TC Energy Price Performance

TSE TRP opened at C$70.56 on Tuesday. TC Energy has a 12 month low of C$43.83 and a 12 month high of C$70.94. The firm has a market capitalization of C$72.76 billion, a PE ratio of 14.03, a P/E/G ratio of 1.69 and a beta of 0.82. The company’s 50 day simple moving average is C$66.58 and its 200 day simple moving average is C$65.97. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40.

Insiders Place Their Bets

In related news, Director Joshua Gibbon bought 600 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was bought at an average price of C$69.15 per share, with a total value of C$41,492.88. Also, Director Robert Black sold 6,771 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of C$69.98, for a total transaction of C$473,811.56. Following the completion of the transaction, the director now directly owns 700 shares in the company, valued at C$48,983.62. This trade represents a 90.63 % decrease in their ownership of the stock. In the last ninety days, insiders acquired 18,010 shares of company stock worth $1,148,731 and sold 127,348 shares worth $8,504,625. Corporate insiders own 0.03% of the company’s stock.

About TC Energy

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.