Stock analysts at RBC Capital initiated coverage on shares of TC Pipelines, LP (NYSE:TCP) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “sector perform” rating and a $51.00 price target on the stock. RBC Capital’s price target would indicate a potential upside of 2.95% from the company’s current price.
A number of other analysts have also recently weighed in on TCP. Analysts at TheStreet downgraded shares of TC Pipelines, LP (NYSE:TCP) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, September 10th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of TC Pipelines, LP (NYSE:TCP) in a research note to investors on Monday, September 9th. They now have a $49.00 price target on the stock. Finally, analysts at Bank of America Corp. downgraded shares of TC Pipelines, LP (NYSE:TCP) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 23rd. They now have a $51.00 price target on the stock, down previously from $53.00. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. TC Pipelines, LP currently has a consensus rating of “Hold” and an average target price of $48.57.
TC Pipelines, LP (NYSE:TCP) opened at 49.54 on Thursday. TC Pipelines, LP has a one year low of $38.74 and a one year high of $52.61. The stock has a 50-day moving average of $48.62 and a 200-day moving average of $47.84. The company has a market cap of $3.088 billion and a price-to-earnings ratio of 23.46.
TC PipeLines, LP (NYSE:TCP) acquires, owns and participates in the management of energy infrastructure businesses in North America.
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