TC Energy (TSE:TRP) PT Lowered to C$62.00 at JPMorgan Chase & Co.

TC Energy (TSE:TRPGet Rating) (NYSE:TRP) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from C$63.00 to C$62.00 in a research note issued on Thursday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 15.31% from the company’s previous close.

TRP has been the topic of several other reports. Barclays reduced their price objective on TC Energy from C$55.00 to C$51.00 in a research note on Friday, February 3rd. TD Securities cut their target price on TC Energy from C$71.00 to C$68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 15th. Raymond James cut their target price on TC Energy from C$63.00 to C$62.00 in a research note on Friday, February 3rd. Wells Fargo & Company cut TC Energy to a “sell” rating and set a C$58.00 target price on the stock. in a research note on Friday, December 16th. Finally, Royal Bank of Canada cut their target price on TC Energy from C$73.00 to C$65.00 in a research note on Thursday, February 2nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, TC Energy has a consensus rating of “Hold” and an average price target of C$62.38.

TC Energy Stock Performance

Shares of TRP opened at C$53.77 on Thursday. The business’s fifty day moving average price is C$55.89 and its 200 day moving average price is C$58.57. TC Energy has a 12-month low of C$52.12 and a 12-month high of C$74.44. The stock has a market capitalization of C$53.77 billion, a PE ratio of 84.02, a price-to-earnings-growth ratio of 6.22 and a beta of 0.86. The company has a debt-to-equity ratio of 172.38, a current ratio of 0.43 and a quick ratio of 0.40.

Insider Buying and Selling

In other news, Director Robert C. Jacobucci bought 2,800 shares of the stock in a transaction that occurred on Thursday, December 29th. The shares were purchased at an average cost of C$53.69 per share, with a total value of C$150,332.00. Following the completion of the acquisition, the director now directly owns 6,085 shares in the company, valued at C$326,703.65. 0.06% of the stock is owned by corporate insiders.

About TC Energy

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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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