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TC Energy (TRP) Receives a Buy from Scotiabank

Tipranks - Tipranks - Mon Jan 19, 7:44AM CST

In a report released on January 16, Robert Hope from Scotiabank maintained a Buy rating on TC Energy, with a price target of C$86.00. The company’s shares closed last Friday at C$76.41.

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Hope covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Brookfield Renewable Partners, and TransAlta. According to TipRanks, Hope has an average return of 11.3% and a 67.76% success rate on recommended stocks.

TC Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$84.87.

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Based on TC Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$3.7 billion and a net profit of C$637 million. In comparison, last year the company earned a revenue of C$4.08 billion and had a net profit of C$1.48 billion

Based on the recent corporate insider activity of 144 insiders, corporate insider sentiment is neutral on the stock.

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