In a report released on January 23, Jeremy Tonet from J.P. Morgan maintained a Hold rating on TC Energy (TRP – Research Report), with a price target of C$63.00. The company’s shares closed yesterday at $42.95.
Tonet covers the Industrial Goods sector, focusing on stocks such as TC Energy, Crestwood Equity, and Dcp Midstream Partners. According to TipRanks, Tonet has an average return of 5.2% and a 55.04% success rate on recommended stocks.
Currently, the analyst consensus on TC Energy is a Hold with an average price target of $47.14, representing a 9.76% upside. In a report released on January 18, Barclays also maintained a Hold rating on the stock with a C$55.00 price target.
See the top stocks recommended by analysts >>
The company has a one-year high of $56.76 and a one-year low of $38.35. Currently, TC Energy has an average volume of 2.06M.
Based on the recent corporate insider activity of 185 insiders, corporate insider sentiment is neutral on the stock.
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:
- TC Energy to issue fourth quarter 2022 results on Feb. 14
- Plug Power to deliver two 30 TPD hydrogen liquefaction systems to TC Energy
- TC Energy upgraded to Outperform from Market Perform at Raymond James
- TC Energy completes controlled restart of Keystone Pipeline’s Cushing Extension
- TC Energy underperformance looks overdone, says Credit Suisse