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RBC Capital Reaffirms Their Buy Rating on TC Energy (TRP)

Tipranks - Tipranks - Fri Jan 23, 8:00PM CST

RBC Capital analyst Maurice Choy maintained a Buy rating on TC Energy on January 21 and set a price target of C$84.00. The company’s shares closed yesterday at C$74.63.

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Choy covers the Utilities sector, focusing on stocks such as Capital Power, Fortis, and Brookfield Infrastructure. According to TipRanks, Choy has an average return of 10.6% and a 69.11% success rate on recommended stocks.

TC Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$84.75, representing a 13.56% upside. In a report released on January 20, Barclays also maintained a Buy rating on the stock with a C$80.00 price target.

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The company has a one-year high of C$77.76 and a one-year low of C$62.17. Currently, TC Energy has an average volume of 5.15M.

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

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