National Bank Financial Boosts Tc Pipelines (TSE:TRP) Price Target to C$66.00

Tc Pipelines (TSE:TRP) (NYSE:TRP) had its target price raised by National Bank Financial from C$65.00 to C$66.00 in a report issued on Wednesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on Tc Pipelines from C$72.00 to C$73.00 in a report on Tuesday, May 7th. Royal Bank of Canada increased their price target on Tc Pipelines from C$71.00 to C$75.00 and gave the stock an outperform rating in a report on Wednesday, May 29th. GMP Securities reduced their price target on Tc Pipelines from C$74.00 to C$73.00 in a report on Wednesday. Citigroup increased their price target on Tc Pipelines from C$60.00 to C$73.00 and gave the stock a buy rating in a report on Tuesday, June 4th. Finally, CIBC increased their price target on Tc Pipelines from C$69.00 to C$70.00 in a report on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of C$69.00.

Shares of TSE TRP opened at C$64.19 on Wednesday. The company has a debt-to-equity ratio of 163.50, a quick ratio of 0.27 and a current ratio of 0.37. The business has a 50 day simple moving average of C$65.43. Tc Pipelines has a fifty-two week low of C$47.90 and a fifty-two week high of C$67.15. The stock has a market capitalization of $59.87 billion and a P/E ratio of 15.37.

Tc Pipelines (TSE:TRP) (NYSE:TRP) last issued its quarterly earnings results on Friday, May 3rd. The company reported C$1.07 earnings per share for the quarter, topping the consensus estimate of C$0.97 by C$0.10. The business had revenue of C$3.49 billion during the quarter. Research analysts expect that Tc Pipelines will post 4.0400001 EPS for the current year.

Tc Pipelines Company Profile

TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, and other businesses.

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Analyst Recommendations for Tc Pipelines (TSE:TRP)

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