Jefferies Financial Group Boosts TC Energy (TSE:TRP) Price Target to C$65.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price target boosted by research analysts at Jefferies Financial Group from C$64.00 to C$65.00 in a report released on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential downside of 7.33% from the company’s previous close.

TRP has been the subject of a number of other research reports. Royal Bank of Canada upped their price objective on shares of TC Energy from C$67.00 to C$71.00 in a research note on Friday, November 8th. Wells Fargo & Company upped their price target on TC Energy from C$74.00 to C$76.00 in a report on Wednesday. BMO Capital Markets upped their price target on TC Energy from C$55.00 to C$66.00 in a report on Friday, November 8th. UBS Group upgraded TC Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Barclays lifted their price objective on shares of TC Energy from C$66.00 to C$67.00 in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$69.54.

TC Energy Price Performance

Shares of TSE TRP opened at C$70.14 on Wednesday. The firm has a market capitalization of C$72.95 billion, a P/E ratio of 21.19, a PEG ratio of 1.69 and a beta of 0.82. TC Energy has a one year low of C$43.83 and a one year high of C$70.24. The company’s fifty day moving average is C$64.86 and its two-hundred day moving average is C$58.90. The company has a debt-to-equity ratio of 160.84, a quick ratio of 0.40 and a current ratio of 0.76.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, topping the consensus estimate of C$0.97 by C$0.06. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. The business had revenue of C$4.08 billion for the quarter, compared to analyst estimates of C$3.90 billion. Analysts forecast that TC Energy will post 3.5490515 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lindsay Mackay sold 3,520 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of C$70.00, for a total value of C$246,400.00. Also, Senior Officer Patrick M. Keys sold 17,127 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of C$62.71, for a total value of C$1,074,049.58. Over the last quarter, insiders have sold 214,476 shares of company stock valued at $14,299,929. 0.03% of the stock is currently owned by corporate insiders.

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.