Royal Bank Of Canada Upgrades TC Energy Stock
TC Energy (TSE:TRP) stock has been upgraded to a 'moderate buy' by Royal Bank Of Canada, according to a report released on Friday. This is not an isolated incident; other analysts have also increased their ratings and price targets for the company in recent weeks.
Last week, US Capital Advisors upgraded TC Energy from a 'hold' rating to a 'moderate buy', while BMO Capital Markets raised its price target from C$94.00 to C$99.00. Jefferies Financial Group also increased its rating and lifted its price target for the stock from C$100.00 to C$102.00.
The company has received a consensus rating of 'moderate buy' among analysts, with eight investment analysts assigning a 'buy' rating and seven giving it a 'hold' rating. The consensus price target is C$95.64.