Insider Buying: TC Energy Co. (TSE:TRP) Director Purchases 600 Shares of Stock

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP Director Joshua Gibbon bought 600 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average cost of C$69.15 per share, for a total transaction of C$41,492.88.

TC Energy Stock Performance

TRP stock traded down C$0.92 on Friday, reaching C$69.50. The company's stock had a trading volume of 10,817,990 shares, compared to its average volume of 4,947,942. TC Energy Co. has a 52 week low of C$43.83 and a 52 week high of C$70.61. The company has a debt-to-equity ratio of 237.62, a current ratio of 1.31 and a quick ratio of 0.40. The company has a market capitalization of C$71.67 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The firm has a fifty day moving average of C$66.49 and a two-hundred day moving average of C$65.88.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TRP shares. Veritas upgraded shares of TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Jefferies Financial Group lifted their target price on TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. Royal Bank of Canada upped their price target on TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. CIBC increased 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 report on Thursday, January 9th. Finally, US Capital Advisors upgraded TC Energy from a "hold" rating to a "moderate buy" rating in a report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$73.25.

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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.