Tudor Pickering & Holt set a C$71.00 target price on Tc Pipelines (TSE:TRP) (NYSE:TRP) in a report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
TRP has been the subject of a number of other reports. UBS Group increased their price objective on Tc Pipelines from C$65.00 to C$66.00 in a research report on Monday, October 7th. CIBC increased their price objective on Tc Pipelines from C$70.00 to C$72.00 in a research report on Wednesday, October 23rd. Royal Bank of Canada set a C$75.00 price objective on Tc Pipelines and gave the stock an outperform rating in a research report on Wednesday, November 20th. TD Securities cut Tc Pipelines from an action list buy rating to a buy rating and set a C$76.00 price objective for the company. in a research report on Monday, November 4th. Finally, Scotiabank increased their target price on Tc Pipelines from C$72.00 to C$73.00 in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of C$72.92.
Shares of TRP stock traded up C$0.33 on Wednesday, hitting C$70.05. The stock had a trading volume of 629,411 shares, compared to its average volume of 1,971,018. The company has a debt-to-equity ratio of 157.30, a current ratio of 0.75 and a quick ratio of 0.43. The firm has a market capitalization of $65.04 billion and a P/E ratio of 16.35. Tc Pipelines has a 1 year low of C$54.30 and a 1 year high of C$70.64. The company’s 50 day moving average price is C$68.47 and its 200-day moving average price is C$66.97.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 4.28%. The ex-dividend date is Monday, December 30th. Tc Pipelines’s dividend payout ratio is currently 68.63%.
About Tc Pipelines
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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