Scotiabank Boosts TC Energy (TSE:TRP) Price Target to C$105.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective boosted by research analysts at Scotiabank from C$97.00 to C$105.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 6.78% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Canadian Imperial Bank of Commerce increased their price target on shares of TC Energy from C$89.00 to C$94.00 in a report on Monday, May 4th. TD set a C$98.00 target price on shares of TC Energy and gave the stock a “hold” rating in a research note on Thursday, June 25th. Royal Bank Of Canada raised their price target on shares of TC Energy from C$92.00 to C$95.00 and gave the company an “outperform” rating in a report on Monday, May 4th. ATB Cormark Capital Markets upped their price target on shares of TC Energy from C$87.00 to C$92.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Finally, Citigroup lifted their price objective on TC Energy from C$86.00 to C$95.00 and gave the company a “neutral” rating in a research note on Tuesday, March 31st. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, TC Energy currently has an average rating of “Hold” and a consensus price target of C$91.64.

TC Energy Trading Up 1.6%

TSE:TRP opened at C$98.33 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.40 and a debt-to-equity ratio of 224.52. The stock has a market capitalization of C$102.44 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69. The firm’s 50 day moving average is C$96.01 and its 200 day moving average is C$88.22. TC Energy has a 12 month low of C$64.04 and a 12 month high of C$100.18.

TC Energy (TSE:TRP) (NYSE:TRP) last released its earnings results on Friday, May 1st. The company reported C$0.99 earnings per share (EPS) for the quarter. The business had revenue of C$3.86 billion during the quarter. TC Energy had a return on equity of 12.53% and a net margin of 21.83%. Sell-side analysts expect that TC Energy will post 3.5490515 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Trevor Ebl sold 5,000 shares of TC Energy stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$93.45, for a total transaction of C$467,250.00. Also, insider Yvonne Frame-Zawalykut sold 1,500 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total transaction of C$147,585.00. 0.03% of the stock is owned by insiders.

TC Energy Company Profile

TC Energy Corp operates as an energy infrastructure company, consisting of pipeline and power generation assets in Canada, the United States, and Mexico. Its pipeline network consists of over 92,600 kilometers (57,500 miles) of natural gas pipeline, along with 4,900 kilometers (3,000) miles) from the Keystone Pipeline system. The company also owns or has interests in 11 power-generation facilities with a capacity of 6,600 megawatts.