TC Energy Co. (TSE:TRP) Receives C$73.25 Consensus Target Price from Analysts

Shares of TC Energy Co. (TSE:TRP) (NYSE:TRP) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$73.25.

A number of research analysts have issued reports on TRP shares. CIBC boosted their price target 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. Veritas upgraded shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, February 18th. US Capital Advisors raised shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their target price on shares of TC Energy from C$71.00 to C$74.00 in a research report on Tuesday, February 18th. Finally, TD Securities set a C$73.00 price objective on shares of TC Energy and gave the stock a “buy” rating in a report on Wednesday, January 15th.

TC Energy Stock Down 0.4 %

TSE:TRP opened at C$68.82 on Tuesday. The firm has a market capitalization of C$70.97 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The stock has a 50 day moving average of C$66.74 and a 200-day moving average of C$66.13. TC Energy has a 52 week low of C$43.83 and a 52 week high of C$70.97. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62.

Insider Buying and Selling at TC Energy

In other news, Director Alexander (Alex) Oehler acquired 6,540 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was bought at an average price of C$66.05 per share, with a total value of C$431,947.64. Also, Senior Officer Michele L. Waters bought 1,525 shares of TC Energy stock in a transaction dated Thursday, February 20th. The stock was acquired at an average cost of C$64.68 per share, for a total transaction of C$98,630.90. 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.

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.