TC Energy (TSE:TRP) Given a C$105.00 Price Target by Scotiabank Analysts

TC Energy (TSE:TRP) (NYSE:TRP) received a C$105.00 price objective from analysts at Scotiabank in a research report issued on Tuesday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 24.56% from the stock’s current price.

Several other brokerages have also recently weighed in on TRP. Jefferies Financial Group upgraded TC Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from C$100.00 to C$102.00 in a research report on Tuesday, September 1st. ATB Cormark Capital Markets raised their price objective on shares of TC Energy from C$98.00 to C$100.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. TD Securities raised shares of TC Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, September 14th. TD upgraded shares of TC Energy from a “hold” rating to a “buy” rating and set a C$102.00 target price for the company in a research note on Tuesday, September 15th. Finally, Morgan Stanley downgraded shares of TC Energy from an “overweight” rating to an “equal weight” rating and set a C$103.00 price target on the stock. in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$95.64.

TC Energy Stock Performance

Shares of TSE TRP traded down C$0.62 during trading on Tuesday, reaching C$84.30. 6,881,771 shares of the company traded hands, compared to its average volume of 4,788,153. The firm’s fifty day simple moving average is C$89.92 and its 200 day simple moving average is C$90.71. The stock has a market cap of C$87.82 billion, a P/E ratio of 25.24, a PEG ratio of 1.69 and a beta of 0.68. TC Energy has a 12-month low of C$69.41 and a 12-month high of C$100.18. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 229.63.

TC Energy (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.94 earnings per share (EPS) for the quarter. TC Energy had a return on equity of 13.07% and a net margin of 22.46%.The business had revenue of C$3.96 billion during the quarter. As a group, research analysts anticipate that TC Energy will post 3.5490515 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TC Energy news, insider Yvonne Frame-Zawalykut sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$98.39, for a total transaction of C$147,585.00. Insiders own 0.03% of the company’s stock.

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.