TC Energy (NYSE:TRP – Get Rating) (TSE:TRP) had its price objective lowered by equities research analysts at Royal Bank of Canada from C$79.00 to C$78.00 in a report released on Tuesday, The Fly reports.
Several other equities research analysts also recently weighed in on TRP. Scotiabank decreased their price target on shares of TC Energy from C$78.00 to C$76.00 in a research note on Friday, July 29th. CIBC raised shares of TC Energy from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, May 12th. Morgan Stanley downgraded shares of TC Energy from an “equal weight” rating to an “underweight” rating and set a $78.00 price target for the company. in a research note on Tuesday, April 26th. They noted that the move was a valuation call. Barclays decreased their price target on shares of TC Energy from C$71.00 to C$67.00 in a research note on Wednesday, July 20th. Finally, Wolfe Research downgraded shares of TC Energy from a “peer perform” rating to an “underperform” rating and boosted their target price for the stock from $53.00 to $57.00 in a research report on Monday, April 11th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $68.77.
TC Energy Price Performance
Shares of NYSE TRP opened at $51.72 on Tuesday. TC Energy has a twelve month low of $44.77 and a twelve month high of $59.38. The company has a quick ratio of 0.57, a current ratio of 0.64 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $50.87 billion, a PE ratio of 20.44, a P/E/G ratio of 3.99 and a beta of 0.71. The firm has a fifty day simple moving average of $53.67 and a 200 day simple moving average of $54.27.
Institutional Inflows and Outflows
About TC Energy
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 Storage. The company builds and operates 93,300 km network 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.
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