TC Energy (TSE:TRP) Price Target Raised to C$74.00 at TD Securities

TC Energy (TSE:TRP) (NYSE:TRP) had its price target hoisted by research analysts at TD Securities from C$73.00 to C$74.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 10.94% from the company’s current price.

TRP has been the topic of a number of other reports. CIBC boosted 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 research note on Thursday, January 9th. Jefferies Financial Group upped their price objective on shares of TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. Royal Bank of Canada increased their price objective on shares of TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. Citigroup upgraded TC Energy to a “hold” rating in a report on Friday, April 4th. Finally, Veritas upgraded TC Energy from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$73.33.

TC Energy Stock Down 2.6 %

Shares of TRP traded down C$1.76 during midday trading on Monday, hitting C$66.70. The company had a trading volume of 622,873 shares, compared to its average volume of 6,623,113. The company’s 50-day simple moving average is C$66.61 and its 200-day simple moving average is C$66.54. 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 firm has a market capitalization of C$68.78 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.69 and a beta of 0.82. TC Energy has a 1 year low of C$44.29 and a 1 year high of C$70.97.

Insider Buying and Selling

In other news, Director Gregory Romero bought 1,600 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of C$43.95 per share, for a total transaction of C$70,319.84. Also, Director Francois Lionel Poirier acquired 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of C$65.05 per share, with a total value of C$312,239.52. Over the last quarter, insiders have bought 13,287 shares of company stock valued at $842,568 and have sold 145,977 shares valued at $9,810,511. 0.03% of the stock is owned by corporate insiders.

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.