TC Energy (TSE:TRP – Get Rating) (NYSE:TRP) had its price target decreased by stock analysts at JPMorgan Chase & Co. from C$74.00 to C$73.00 in a report issued on Wednesday, BayStreet.CA reports.
A number of other research analysts have also recently commented on the stock. Tudor Pickering & Holt raised their price target on shares of TC Energy from C$63.00 to C$65.00 and gave the stock a “hold” rating in a research note on Wednesday, February 16th. Morgan Stanley cut TC Energy to a “sell” rating and set a C$78.00 price target on the stock. in a research report on Tuesday, April 26th. Royal Bank of Canada set a C$72.00 price objective on TC Energy and gave the company an “outperform” rating in a report on Wednesday, February 16th. Tudor Pickering upped their target price on shares of TC Energy to C$65.00 and gave the stock a “hold” rating in a report on Wednesday, February 16th. Finally, CSFB lifted their price target on shares of TC Energy from C$74.00 to C$80.00 in a report on Monday, April 11th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TC Energy currently has a consensus rating of “Hold” and a consensus price target of C$70.76.
TRP traded down C$0.99 during trading on Wednesday, reaching C$73.00. 642,106 shares of the company’s stock were exchanged, compared to its average volume of 4,855,865. TC Energy has a fifty-two week low of C$57.71 and a fifty-two week high of C$74.39. The company has a market capitalization of C$71.76 billion and a P/E ratio of 22.24. The company has a quick ratio of 0.36, a current ratio of 0.61 and a debt-to-equity ratio of 163.99. The business has a 50 day moving average price of C$71.54 and a 200 day moving average price of C$66.19.
In other TC Energy news, Director Fareen Sunderji sold 400 shares of TC Energy stock in a transaction on Friday, March 25th. The shares were sold at an average price of C$72.00, for a total transaction of C$28,800.00. Also, Senior Officer Gloria L. Hartl sold 9,385 shares of the stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of C$73.74, for a total value of C$692,028.31. Over the last quarter, insiders purchased 7,684 shares of company stock valued at $533,840 and sold 125,457 shares valued at $8,933,289.
About TC Energy (Get Rating)
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 Storage. The company builds and operates 93,300 km network 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.
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Source: defenseworld.net
