TC Energy (TSE:TRP) Price Target Raised to C$105.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective lifted by Scotiabank from C$97.00 to C$105.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have a sector outperform rating on the stock.

TRP has been the subject of several other reports. The Goldman Sachs Group upgraded TC Energy from a “sell” rating to a “hold” rating and set a C$62.00 price objective for the company in a research note on Sunday, April 19th. TD set a C$98.00 target price on shares of TC Energy and gave the stock a “hold” rating in a report on Thursday, June 25th. ATB Cormark Capital Markets increased their target price on shares of TC Energy from C$87.00 to C$92.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 8th. Barclays lifted their price target on shares of TC Energy from C$92.00 to C$100.00 in a report on Thursday, July 16th. Finally, National Bank Financial upped their price objective on shares of TC Energy from C$92.00 to C$102.00 in a research note on Monday, June 1st. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, TC Energy currently has an average rating of “Hold” and an average target price of C$91.64.

TC Energy Stock Up 0.1%

Shares of TRP opened at C$98.46 on Tuesday. The stock has a market cap of C$102.57 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 1.69 and a beta of 0.69. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 224.52. TC Energy has a 12 month low of C$64.04 and a 12 month high of C$100.18. The company has a 50-day moving average price of C$96.11 and a two-hundred day moving average price of C$88.37.

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

Insider Transactions at TC Energy

In other TC Energy news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$98.39, for a total value of C$147,585.00. Also, Director Trevor Ebl sold 5,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$93.45, for a total transaction of C$467,250.00. 0.03% of the stock is 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.