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RBC Capital Sticks to Its Buy Rating for TC Energy (TRP)

In a report issued on July 29, Robert Kwan from RBC Capital maintained a Buy rating on TC Energy (TRPResearch Report), with a price target of C$78.00. The company’s shares closed last Monday at $52.75.

Kwan has an average return of 12.3% when recommending TC Energy.

According to TipRanks.com, Kwan is ranked #44 out of 7995 analysts.

TC Energy has an analyst consensus of Moderate Buy, with a price target consensus of $57.10, a 8.0% upside from current levels. In a report issued on July 29, BMO Capital also maintained a Buy rating on the stock with a C$76.00 price target.

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The company has a one-year high of $59.38 and a one-year low of $44.77. Currently, TC Energy has an average volume of 1.7M.

Based on the recent corporate insider activity of 188 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.

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