Stifel Nicolaus analyst Cole Pereira maintained a Buy rating on TC Energy (TRP – Research Report) today and set a price target of C$61.00. The company’s shares closed last Friday at $37.62.
Pereira covers the Energy sector, focusing on stocks such as Enbridge, TC Energy, and Pembina Pipeline. According to TipRanks, Pereira has an average return of 17.8% and a 67.30% success rate on recommended stocks.
Currently, the analyst consensus on TC Energy is a Moderate Buy with an average price target of $41.31, representing a 9.81% upside. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a C$59.00 price target.
TRP market cap is currently $39.01B and has a P/E ratio of 19.44.
Based on the recent corporate insider activity of 156 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRP in relation to earlier this year.
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TC Energy (TRP) Company Description:
Canada-based TC Energy Corporation is an energy infrastructure company. It operates through the following business segments: Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Power and Storage.
