Targa Resources Corp. Sets New 1-Year High at $75.05 (TRGP)
Targa Resources Corp. (NASDAQ:TRGP) set a new 52-week high during trading hours on Monday, Analyst Ratings Network.com reports. The company traded as high as $75.05 and last traded at $74.20, with a volume of 93,104 shares. The stock had previously closed at $73.68.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Targa Resources Corp. from $76.00 to $90.00 in a research note to investors on Wednesday, September 25th. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Targa Resources Corp. in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $85.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Targa Resources Corp. from $79.00 to $84.00 in a research note to investors on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $76.70.
Targa Resources Corp. has a 52 week low of $45.74 and a 52 week high of $75.05. The stock has a 50-day moving average of $71.89 and a 200-day moving average of $68.21. The company has a market cap of $3.151 billion and a P/E ratio of 64.63.
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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