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National Bank Keeps Their Hold Rating on TC Energy (TRP)

In a report released today, Patrick Kenny from National Bank maintained a Hold rating on TC Energy (TRPResearch Report), with a price target of C$65.00. The company’s shares closed today at $50.70.

According to TipRanks, Kenny is ranked #527 out of 7954 analysts.

In addition to National Bank, TC Energy also received a Hold from Credit Suisse’s Andrew Kuske in a report issued on August 5. However, today, CIBC upgraded TC Energy (NYSE: TRP) to a Buy.

See today’s best-performing stocks on TipRanks >>

TRP market cap is currently $48.64B and has a P/E ratio of 19.56.

Based on the recent corporate insider activity of 192 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on TRP:

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