TC Energy (TSE:TRP) Price Target Raised to C$74.00 at Royal Bank of Canada

TC Energy (TSE:TRP - Free Report) NYSE: TRP had its target price increased by Royal Bank of Canada from C$71.00 to C$74.00 in a report published on Tuesday,BayStreet.CA reports.

TRP has been the topic of several other research reports. Barclays lifted their price target on TC Energy from C$67.00 to C$74.00 in a research report on Wednesday, November 20th. National Bankshares upped their price target on shares of TC Energy from C$70.00 to C$71.00 in a research report on Wednesday, November 20th. BMO Capital Markets lifted their price objective on shares of TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. TD Securities set a C$73.00 target price on shares of TC Energy and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Finally, Morgan Joseph upgraded TC Energy from an "underweight" rating to an "overweight" rating and boosted their price target for the company from C$62.00 to C$78.00 in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$73.25.

TC Energy Stock Performance

TSE TRP traded down C$0.50 during trading hours on Tuesday, hitting C$63.98. The company had a trading volume of 2,299,112 shares, compared to its average volume of 4,370,485. The business has a 50 day moving average of C$66.73 and a 200-day moving average of C$64.95. The company has a debt-to-equity ratio of 237.62, a quick ratio of 0.40 and a current ratio of 1.31. TC Energy has a 1-year low of C$43.83 and a 1-year high of C$70.32. The company has a market cap of C$65.98 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82.

Insider Activity at TC Energy

In related news, Senior Officer Stanley G. Chapman Iii sold 267,435 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$66.51, for a total value of C$17,785,898.39. Also, Senior Officer Michele L. Waters acquired 1,525 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average cost of C$64.68 per share, for a total transaction of C$98,630.90. Over the last 90 days, insiders purchased 12,865 shares of company stock worth $842,818 and sold 272,935 shares worth $18,128,828. Company insiders own 0.03% of the company's stock.

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.