TC Energy (TSE:TRP) Given New C$101.00 Price Target at Citigroup

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective boosted by Citigroup from C$95.00 to C$101.00 in a research note issued to investors on Friday,BayStreet reports. Citigroup currently has a neutral rating on the stock.

A number of other research firms have also commented on TRP. National Bank Financial boosted their price target on shares of TC Energy from C$102.00 to C$103.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Scotiabank set a C$105.00 price objective on shares of TC Energy and gave the stock a “sector outperform” rating in a research note on Tuesday, September 22nd. TD raised shares of TC Energy from a “hold” rating to a “buy” rating and set a C$102.00 price objective for the company in a report on Tuesday, September 15th. US Capital Advisors upgraded shares of TC Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th. Finally, The Goldman Sachs Group raised TC Energy from a “hold” rating to a “buy” rating and set a C$71.00 target price on the stock in a report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$96.71.

TC Energy Price Performance

TSE:TRP traded up C$0.27 during trading hours on Friday, reaching C$92.31. The company had a trading volume of 2,048,118 shares, compared to its average volume of 4,936,544. The stock has a 50-day moving average of C$86.56 and a two-hundred day moving average of C$89.07. TC Energy has a one year low of C$72.97 and a one year high of C$100.18. The firm has a market capitalization of C$96.17 billion, a PE ratio of 24.75, a PEG ratio of 1.69 and a beta of 0.82. The company has a quick ratio of 0.40, a current ratio of 0.57 and a debt-to-equity ratio of 226.38.

TC Energy (TSE:TRP) (NYSE:TRP) last released its quarterly earnings data on Thursday, November 5th. The company reported C$0.94 earnings per share (EPS) for the quarter. The firm had revenue of C$4.03 billion during the quarter. TC Energy had a return on equity of 14.53% and a net margin of 24.57%. Analysts forecast that TC Energy will post 3.55 earnings per share for the current year.

About TC Energy

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For over 75 years, we have proudly connected the world to the energy it needs. Every day, we move more than 30 per cent of the natural gas used across the continent and connect LNG exports to global markets-powering communities and industries. Complemented by strategic ownership and low-risk investments in power generation, our infrastructure delivers affordable, reliable and sustainable energy across North America.