TC Energy (TSE:TRP) Stock Gets Price Target Boost from Citigroup

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective increased by analysts at Citigroup from C$95.00 to C$101.00 in a report issued on Friday, BayStreet reports. The firm presently has a “neutral” rating on the stock. Citigroup‘s price target points to a potential upside of 9.33% from the company’s current price.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group upgraded shares of TC Energy from a “hold” rating to a “buy” rating and set a C$71.00 price objective on the stock in a report on Wednesday, September 30th. BMO Capital Markets increased their price target on shares of TC Energy from C$94.00 to C$99.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Scotiabank set a C$105.00 price objective on shares of TC Energy and gave the stock a “sector outperform” rating in a research report on Tuesday, September 22nd. Royal Bank Of Canada upgraded TC Energy to a “moderate buy” rating in a report on Friday, September 11th. Finally, Jefferies Financial Group upgraded TC Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from C$100.00 to C$102.00 in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$96.71.

TC Energy Stock Performance

TSE:TRP traded up C$0.34 during mid-day trading on Friday, hitting C$92.38. The stock had a trading volume of 746,978 shares, compared to its average volume of 4,930,236. TC Energy has a twelve month low of C$72.97 and a twelve month high of C$100.18. The stock has a market cap of C$96.24 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 1.69 and a beta of 0.82. The company’s 50 day simple moving average is C$86.45 and its 200 day simple moving average is C$89.00. The company has a debt-to-equity ratio of 226.38, a quick ratio of 0.40 and a current ratio of 0.57.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings results on Thursday, November 5th. The company reported C$0.94 earnings per share for the quarter. TC Energy had a return on equity of 14.53% and a net margin of 24.57%. The firm had revenue of C$4.03 billion for the quarter. On average, equities research analysts forecast that TC Energy will post 3.55 earnings per share 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.