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TC Energy (TRP) Receives a Rating Update from a Top Analyst

Tipranks - Mon May 4, 8:28PM CDT

Barclays analyst Theresa Chen maintained a Buy rating on TC Energy on May 1 and set a price target of C$92.00. The company’s shares closed last Friday at C$90.63.

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Chen covers the Energy sector, focusing on stocks such as Oneok, Kinetik, and DT Midstream. According to TipRanks, Chen has an average return of 19.1% and a 76.50% success rate on recommended stocks.

TC Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$93.93, which is a 3.64% upside from current levels. In a report released on April 27, RBC Capital also maintained a Buy rating on the stock with a C$92.00 price target.

TRP market cap is currently C$94.37B and has a P/E ratio of 22.34.

Based on the recent corporate insider activity of 60 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.

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