Scotiabank Analysts Give TC Energy (TSE:TRP) a C$105.00 Price Target

Scotiabank set a C$105.00 price target on TC Energy (TSE:TRP) (NYSE:TRP) in a research note issued to investors on Tuesday,BayStreet reports. The brokerage currently has a sector outperform rating on the stock.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group raised shares of TC Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from C$100.00 to C$102.00 in a research note on Tuesday, September 1st. National Bank Financial lifted their price objective on TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. TD Securities upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. BMO Capital Markets increased their target price on TC Energy from C$94.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Royal Bank Of Canada upgraded TC Energy to a “moderate buy” rating in a research note on Friday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, TC Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$95.64.

TC Energy Trading Down 0.6%

Shares of TRP opened at C$84.26 on Tuesday. The stock has a market capitalization of C$87.78 billion, a P/E ratio of 25.23, a PEG ratio of 1.69 and a beta of 0.68. TC Energy has a twelve month low of C$69.41 and a twelve month high of C$100.18. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 229.63. The firm has a fifty day simple moving average of C$89.15 and a two-hundred day simple moving average of C$90.66.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.94 EPS for the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%.The business had revenue of C$3.96 billion during the quarter. On average, research analysts anticipate that TC Energy will post 3.5490515 EPS for the current year.

TC Energy Company Profile

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.