David Brast Buys 1,475 Shares of TC Energy Co. (TSE:TRP) Stock

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director David Brast bought 1,475 shares of TC Energy stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of C$63.98 per share, for a total transaction of C$94,367.85.

TC Energy Stock Down 1.2 %

TSE:TRP traded down C$0.79 on Monday, hitting C$63.19. The stock had a trading volume of 2,557,751 shares, compared to its average volume of 4,321,492. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. TC Energy Co. has a 52 week low of C$43.83 and a 52 week high of C$70.32. The business’s fifty day moving average is C$66.73 and its 200 day moving average is C$65.05. The company has a market cap of C$65.16 billion, a PE ratio of 12.57, a P/E/G ratio of 1.69 and a beta of 0.82.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. CIBC upped their price target on shares of 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. BMO Capital Markets increased their target price on TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. JPMorgan Chase & Co. increased their target price on shares of TC Energy from C$70.00 to C$79.00 in a research report on Monday, November 18th. Finally, Jefferies Financial Group increased their price target on shares of TC Energy from C$65.00 to C$71.00 in a research report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, TC Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$73.25.

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.