TC Energy (TSE:TRP) Price Target Raised to C$95.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target raised by Royal Bank Of Canada from C$92.00 to C$95.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 5.56% from the stock’s previous close.

A number of other brokerages also recently commented on TRP. Scotiabank raised their target price on shares of TC Energy from C$86.00 to C$93.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Jefferies Financial Group raised their price target on shares of TC Energy from C$80.00 to C$88.00 in a report on Tuesday, February 17th. The Goldman Sachs Group raised shares of TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price target for the company in a report on Sunday, April 19th. National Bank Financial raised their price target on shares of TC Energy from C$86.00 to C$92.00 and gave the company an “outperform” rating in a report on Monday. Finally, Citigroup raised their price target on shares of TC Energy from C$86.00 to C$95.00 and gave the company a “neutral” rating in a report on Tuesday, March 31st. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$87.46.

TC Energy Trading Down 0.7%

Shares of TRP stock traded down C$0.63 during mid-day trading on Monday, reaching C$90.00. The company’s stock had a trading volume of 1,053,579 shares, compared to its average volume of 5,771,738. The company’s 50 day simple moving average is C$86.66 and its 200-day simple moving average is C$79.81. TC Energy has a 12-month low of C$63.34 and a 12-month high of C$91.50. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 224.52. The firm has a market capitalization of C$93.76 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.76.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its earnings results on Friday, May 1st. The company reported C$0.99 EPS for the quarter. TC Energy had a net margin of 21.83% and a return on equity of 12.53%. The business had revenue of C$3.86 billion for the quarter. On average, research analysts predict that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insiders Place Their Bets

In other TC Energy news, insider Dawn Elizabeth De Lima sold 25,342 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of C$88.73, for a total transaction of C$2,248,595.66. Following the completion of the transaction, the insider directly owned 18,490 shares of the company’s stock, valued at C$1,640,617.70. This trade represents a 57.82% decrease in their position. 0.03% of the stock is currently owned by corporate insiders.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.