Targa Resources Corp. Sets New 1-Year High at $73.07 (TRGP)
Shares of Targa Resources Corp. (NASDAQ:TRGP) hit a new 52-week high during trading hours on Wednesday, Analyst Ratings Network reports. The company traded as high as $73.07 and last traded at $72.70, with a volume of 149,401 shares trading hands. The stock had previously closed at $71.13.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Targa Resources Corp. (NASDAQ:TRGP) in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $85.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Targa Resources Corp. (NASDAQ:TRGP) from $79.00 to $84.00 in a research note to investors on Tuesday, August 6th. Finally, analysts at Credit Suisse raised their price target on shares of Targa Resources Corp. (NASDAQ:TRGP) from $82.00 to $86.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock.
Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Targa Resources Corp. currently has a consensus rating of “Buy” and an average price target of $74.20.
Targa Resources Corp. has a 52-week low of $45.74 and a 52-week high of $72.44. The stock has a 50-day moving average of $68.66 and a 200-day moving average of $66.78. The company has a market cap of $3.085 billion and a price-to-earnings ratio of 62.39.
Targa Resources Corp. (NASDAQ:TRGP) forms the Partnership to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets.
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