Royal Bank of Canada Boosts TC Energy (TSE:TRP) Price Target to C$71.00

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP had its target price raised by stock analysts at Royal Bank of Canada from C$67.00 to C$71.00 in a research report issued on Friday,BayStreet.CA reports. Royal Bank of Canada's price target points to a potential upside of 4.69% from the stock's previous close.

A number of other equities analysts also recently commented on TRP. Jefferies Financial Group upped their target price on TC Energy from C$57.00 to C$66.00 and gave the company a "hold" rating in a report on Monday, September 30th. UBS Group upgraded shares of TC Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, September 30th. Veritas raised TC Energy to a "strong sell" rating in a research report on Tuesday, October 8th. BMO Capital Markets dropped their target price on shares of TC Energy from C$65.00 to C$55.00 and set a "market perform" rating on the stock in a report on Wednesday, October 2nd. Finally, National Bankshares lowered their price objective on TC Energy from C$65.00 to C$60.00 and set an "outperform" rating for the company in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, TC Energy has a consensus rating of "Hold" and a consensus target price of C$66.15.

TC Energy Trading Down 1.5 %

TRP traded down C$1.01 during trading on Friday, hitting C$67.82. 3,536,000 shares of the stock traded hands, compared to its average volume of 7,012,491. The firm has a 50-day moving average of C$63.74 and a 200 day moving average of C$57.67. TC Energy has a 12-month low of C$43.83 and a 12-month high of C$69.61. The firm has a market capitalization of C$70.53 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 160.84, a current ratio of 0.76 and a quick ratio of 0.40.

TC Energy (TSE:TRP - Get Free Report) NYSE: TRP last posted its earnings results on Thursday, November 7th. The company reported C$1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.97 by C$0.06. The company had revenue of C$4.08 billion for the quarter, compared to analysts' expectations of C$3.90 billion. TC Energy had a return on equity of 10.68% and a net margin of 21.38%. Equities research analysts anticipate that TC Energy will post 3.5490515 EPS for the current year.

Insider Transactions at TC Energy

In other TC Energy news, Director Rosemary K. Stevens sold 1,200 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$59.88, for a total value of C$71,856.00. Following the completion of the sale, the director now owns 987 shares in the company, valued at C$59,101.56. This represents a 0.00 % decrease in their ownership of the stock. In other news, Senior Officer Dawn Elizabeth De Lima bought 545 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average price of C$63.06 per share, for a total transaction of C$34,367.70. Also, Director Rosemary K. Stevens sold 1,200 shares of the company's stock in a transaction on Monday, August 12th. The stock was sold at an average price of C$59.88, for a total transaction of C$71,856.00. Following the completion of the transaction, the director now directly owns 987 shares of the company's stock, valued at C$59,101.56. This represents a 0.00 % decrease in their position. Insiders have sold 76,114 shares of company stock worth $4,704,641 in the last 90 days. 0.03% of the stock is currently owned by insiders.

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.