Brokerages Set TC Energy Co. (TSE:TRP) Price Target at C$73.25

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$73.25.

Several research firms have issued reports on TRP. BMO Capital Markets raised their price target on shares of TC Energy from C$70.00 to C$73.00 in a research report on Friday, November 29th. CIBC lifted their target price on TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a research report on Thursday, January 9th. Royal Bank of Canada boosted their price target on TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. US Capital Advisors upgraded TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. Finally, TD Securities set a C$73.00 price objective on TC Energy and gave the company a “buy” rating in a research report on Wednesday, January 15th.

Insider Buying and Selling at TC Energy

In other TC Energy news, Senior Officer Michele L. Waters acquired 1,525 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of C$64.68 per share, for a total transaction of C$98,630.90. Also, Director Alexander (Alex) Oehler bought 6,540 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of C$66.05 per share, for a total transaction of C$431,947.64. Over the last three months, insiders have purchased 19,827 shares of company stock worth $1,274,516 and have sold 145,977 shares worth $9,810,511. Company insiders own 0.03% of the company’s stock.

TC Energy Trading Down 0.1 %

Shares of TC Energy stock opened at C$69.11 on Tuesday. TC Energy has a 1 year low of C$43.83 and a 1 year high of C$70.97. The company’s fifty day simple moving average is C$66.74 and its 200-day simple moving average is C$66.06. The company has a market cap of C$71.27 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.69 and a beta of 0.82. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62.

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.