In a report released today, Robert Hope from Scotiabank maintained a Buy rating on TC Energy (TRP – Research Report), with a price target of C$58.00. The company’s shares closed last Friday at $39.52.
According to TipRanks, Hope is a 5-star analyst with an average return of 8.3% and a 62.00% success rate. Hope covers the Energy sector, focusing on stocks such as AltaGas, Enbridge, and TC Energy.
In addition to Scotiabank, TC Energy also received a Buy from RBC Capital’s Robert Kwan in a report issued yesterday. However, on February 16, Barclays assigned a Hold rating to TC Energy (NYSE: TRP).
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The company has a one-year high of $40.49 and a one-year low of $31.82. Currently, TC Energy has an average volume of 2.46M.
Based on the recent corporate insider activity of 156 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.
TC Energy (TRP) Company Description:
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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