Royal Bank Of Canada Lifts Targa Resources Target Price to $338.00

Royal Bank Of Canada recently increased its target price for Targa Resources (NYSE:TRGP) from $312.00 to $338.00 in a research note issued on Thursday, according to Benzinga.

The firm has an 'outperform' rating on the pipeline company's stock and suggests a potential upside of 18.33% from its current price of $285.64.

This is not the only positive forecast for Targa Resources; UBS Group also reaffirmed a 'buy' rating with a target price of $318.00, while Truist Financial boosted its target to $312.00 and gave the stock a 'buy' rating.

Analysts have given TRGP an average price target of $298.71, indicating a consensus rating of 'Buy', according to MarketBeat.com.