TC Energy Co. (TSE:TRP) Director David Forestell Sells 3,766 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director David Forestell sold 3,766 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$70.05, for a total value of C$263,826.38.

TC Energy Stock Performance

Shares of TRP stock opened at C$64.48 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The company’s fifty day moving average price is C$66.77 and its 200-day moving average price is C$64.91. The stock has a market cap of C$66.49 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy Co. has a 12 month low of C$43.83 and a 12 month high of C$70.32.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Veritas upgraded shares of TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday. Barclays boosted their price target on TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. BMO Capital Markets increased their price objective on TC Energy from C$70.00 to C$73.00 in a report on Friday, November 29th. CIBC boosted their target price on TC Energy from C$68.00 to C$70.00 and gave the company a “neutral” rating in a research note on Thursday, January 9th. Finally, TD Securities set a C$73.00 target price on TC Energy and gave the company a “buy” rating in a report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, TC Energy has a consensus rating of “Moderate Buy” and an average price target of C$73.25.

TC Energy Company Profile

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.