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.
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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.
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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
