TC Energy Co. (TSE:TRP) Given Average Rating of “Moderate Buy” by Analysts

TC Energy Co. (TSE:TRP) (NYSE:TRP) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$73.25.

TRP has been the subject of several recent analyst reports. CIBC boosted their price objective on shares of TC Energy from C$68.00 to C$70.00 and gave the stock a “neutral” rating in a research note on Thursday, January 9th. TD Securities set a C$73.00 price objective on TC Energy and gave the stock a “buy” rating in a research report on Wednesday, January 15th. US Capital Advisors raised TC Energy from a “hold” rating to a “moderate buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada raised their price target on TC Energy from C$71.00 to C$74.00 in a report on Tuesday, February 18th. Finally, Jefferies Financial Group lifted their target price on shares of TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th.

Insider Buying and Selling

In other news, Senior Officer Michele L. Waters acquired 1,525 shares of TC Energy stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of C$64.68 per share, with a total value of C$98,630.90. Also, Director Danika Yeager acquired 1,817 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was purchased at an average price of C$69.23 per share, for a total transaction of C$125,784.97. In the last 90 days, insiders acquired 13,287 shares of company stock valued at $842,568 and sold 145,977 shares valued at $9,810,511. 0.03% of the stock is currently owned by insiders.

TC Energy Stock Performance

Shares of TSE:TRP opened at C$67.96 on Tuesday. The firm has a 50 day moving average of C$66.72 and a 200 day moving average of C$66.19. The company has a quick ratio of 0.40, a current ratio of 1.31 and a debt-to-equity ratio of 237.62. The company has a market capitalization of C$70.08 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a 52 week low of C$43.83 and a 52 week high of C$70.97.

About TC Energy

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.