TC Energy Co. (TSE:TRP) Receives Consensus Recommendation of "Moderate Buy" from Analysts

TC Energy Co. (TSE:TRP - Get Free Report) NYSE: TRP has earned a consensus rating of "Moderate Buy" from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. 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 on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$73.25.

A number of equities analysts have recently weighed in on the company. Veritas upgraded TC Energy from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, February 18th. TD Securities set a C$73.00 price target on shares of TC Energy and gave the company a "buy" rating in a research report on Wednesday, January 15th. Jefferies Financial Group upped their price objective on shares of TC Energy from C$65.00 to C$71.00 in a report on Thursday, January 30th. CIBC lifted their target price on shares of TC Energy from C$68.00 to C$70.00 and gave the company a "neutral" rating in a report on Thursday, January 9th. Finally, Barclays upped their price target on TC Energy from C$67.00 to C$74.00 in a research note on Wednesday, November 20th.

TC Energy Trading Down 0.2 %

TC Energy stock traded down C$0.11 during mid-day trading on Friday, hitting C$64.64. The company's stock had a trading volume of 1,224,676 shares, compared to its average volume of 4,192,463. The stock's fifty day moving average is C$66.55 and its two-hundred day moving average is C$65.20. 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 firm has a market capitalization of C$66.66 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. TC Energy has a 1 year low of C$43.83 and a 1 year high of C$70.32.

Insider Activity at TC Energy

In other TC Energy news, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of TC Energy stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$66.51, for a total transaction of C$17,785,898.39. Also, Director Alexander (Alex) Oehler acquired 6,540 shares of the company's stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of C$66.05 per share, for a total transaction of C$431,947.64. Over the last 90 days, insiders have bought 15,940 shares of company stock valued at $1,007,506 and have sold 323,620 shares valued at $21,335,744. 0.03% of the stock is owned by corporate insiders.

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.