Jefferies Financial Group Boosts TC Energy (TSE:TRP) Price Target to C$71.00

TC Energy (TSE:TRP) (NYSE:TRP) had its price objective hoisted by investment analysts at Jefferies Financial Group from C$65.00 to C$71.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price target indicates a potential upside of 8.10% from the company’s current price.

TRP has been the subject of several other research reports. BMO Capital Markets boosted their price target on TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Veritas raised shares of TC Energy to a “strong sell” rating in a research report on Tuesday, October 8th. Royal Bank of Canada raised their price target on shares of TC Energy from C$67.00 to C$71.00 in a report on Friday, November 8th. Wells Fargo & Company upped their price objective on shares of TC Energy from C$74.00 to C$76.00 in a report on Wednesday, November 20th. Finally, Barclays raised their target price on TC Energy from C$67.00 to C$74.00 in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, TC Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$73.00.

TC Energy Stock Up 0.3 %

TSE TRP traded up C$0.21 during trading on Thursday, reaching C$65.68. 480,198 shares of the company’s stock were exchanged, compared to its average volume of 4,861,141. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 160.84. TC Energy has a fifty-two week low of C$43.83 and a fifty-two week high of C$70.32. The company’s fifty day simple moving average is C$67.39 and its 200-day simple moving average is C$63.72. The firm has a market capitalization of C$68.31 billion, a PE ratio of 19.84, a P/E/G ratio of 1.69 and a beta of 0.82.

TC Energy (TSE:TRP) (NYSE:TRP) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$1.03 EPS for the quarter, beating analysts’ consensus estimates of C$0.97 by C$0.06. The firm had revenue of C$4.08 billion for the quarter, compared to the consensus estimate of C$3.90 billion. TC Energy had a net margin of 21.38% and a return on equity of 10.68%. Sell-side analysts predict that TC Energy will post 3.5490515 EPS for the current year.

Insider Activity

In other TC Energy news, Director Trevor Ebl sold 9,554 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$68.48, for a total value of C$654,219.70. Also, Senior Officer Nancy Angenita Johnson sold 3,328 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$67.75, for a total transaction of C$225,472.00. Insiders have sold 420,911 shares of company stock valued at $28,259,105 over the last three months. 0.03% of the stock is owned by insiders.

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 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.