TC Energy Co. (TSE:TRP) Director Joshua Gibbon Acquires 600 Shares

TC Energy Co. (TSE:TRP) (NYSE:TRP) Director Joshua Gibbon acquired 600 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average price of C$69.15 per share, with a total value of C$41,492.88.

TC Energy Price Performance

TRP stock opened at C$70.42 on Friday. The company has a market cap of C$72.62 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a current ratio of 1.31, a quick ratio of 0.40 and a debt-to-equity ratio of 237.62. The stock has a 50-day moving average price of C$66.45 and a two-hundred day moving average price of C$65.79. TC Energy Co. has a 12-month low of C$43.83 and a 12-month high of C$70.61.

Analysts Set New Price Targets

Several research firms have issued reports on TRP. Raymond James raised shares of TC Energy to a “hold” rating in a research note on Thursday, November 21st. Royal Bank of Canada upped their price objective on shares of TC Energy from C$71.00 to C$74.00 in a research note on Tuesday, February 18th. BMO Capital Markets lifted their target price on shares of TC Energy from C$70.00 to C$73.00 in a research note on Friday, November 29th. Jefferies Financial Group increased their price target on TC Energy from C$65.00 to C$71.00 in a research note on Thursday, January 30th. Finally, Veritas raised TC Energy from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$73.25.

About TC Energy

TC Energy Corporation operates as an energy infrastructure company in North America. It operates through five segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; Liquids Pipelines; and Power and Energy Solutions. The company builds and operates a network of 93,600 kilometers of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.