TC Energy (TSE:TRP – Get Free Report) NYSE: TRP had its price objective upped by investment analysts at JPMorgan Chase & Co. from C$57.00 to C$60.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 11.44% from the company’s current price.
A number of other equities research analysts also recently weighed in on the stock. Barclays upped their price target on shares of TC Energy from C$53.00 to C$55.00 in a report on Monday, January 29th. CIBC upped their price target on shares of TC Energy from C$54.00 to C$55.00 and gave the company a “neutral” rating in a report on Monday, January 8th. TD Securities upped their price target on shares of TC Energy from C$50.00 to C$51.00 and gave the company a “hold” rating in a report on Wednesday. Wells Fargo & Company upped their price target on shares of TC Energy from C$54.00 to C$57.00 in a report on Thursday, December 14th. Finally, Scotiabank upped their price target on shares of TC Energy from C$55.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$55.25.
Read Our Latest Stock Report on TRP
TC Energy Price Performance
TRP traded up C$0.06 on Friday, reaching C$53.84. The company had a trading volume of 553,392 shares, compared to its average volume of 4,303,237. TC Energy has a one year low of C$43.70 and a one year high of C$57.02. The company has a current ratio of 0.96, a quick ratio of 0.40 and a debt-to-equity ratio of 163.32. The company has a market capitalization of C$55.99 billion, a P/E ratio of 19.56, a PEG ratio of 0.26 and a beta of 0.75. The company has a fifty day moving average of C$52.51 and a 200-day moving average of C$50.20.
Insider Buying and Selling
In related news, Director Troy Tally sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of C$38.11, for a total transaction of C$34,299.99. In related news, Senior Officer Christine R. Johnston sold 1,850 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of C$51.35, for a total transaction of C$94,997.50. Also, Director Troy Tally sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of C$38.11, for a total transaction of C$34,299.99. Over the last three months, insiders sold 3,690 shares of company stock worth $179,330. 0.04% of the stock is owned by company 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 93,700 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.
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