TC Energy (TSE:TRP – Get Free Report) (NYSE:TRP) had its target price upped by JPMorgan Chase & Co. from C$57.00 to C$60.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 11.73% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. National Bankshares boosted their price target on TC Energy from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Barclays boosted their price target on TC Energy from C$53.00 to C$55.00 in a research note on Monday, January 29th. Stifel Nicolaus set a C$61.00 price target on TC Energy and gave the stock a “buy” rating in a research note on Thursday, January 18th. Royal Bank of Canada dropped their price target on TC Energy from C$54.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. Finally, TD Securities boosted their price target on TC Energy from C$50.00 to C$51.00 and gave the stock a “hold” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TC Energy currently has an average rating of “Hold” and an average target price of C$55.25.
Get Our Latest Analysis on TC Energy
TC Energy Price Performance
TRP opened at C$53.70 on Friday. The business’s 50-day moving average is C$52.54 and its two-hundred day moving average is C$50.25. TC Energy has a 1 year low of C$43.70 and a 1 year high of C$57.02. The company has a debt-to-equity ratio of 163.32, a current ratio of 0.96 and a quick ratio of 0.40. The firm has a market capitalization of C$55.85 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 0.26 and a beta of 0.75.
Insider Buying and Selling at TC Energy
In other TC Energy news, Senior Officer Christine R. Johnston sold 1,850 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$51.35, for a total value of C$94,997.50. In other news, Director Troy Tally sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of C$38.11, for a total value of C$34,299.99. Also, Senior Officer Christine R. Johnston sold 1,850 shares of the business’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 value of C$94,997.50. Over the last ninety days, insiders sold 3,690 shares of company stock valued at $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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Source: americanbankingnews.com
