Goldman Sachs Upgrades TC Energy to Strong-Buy Rating
TC Energy (TSE:TRP) has received an upgrade from The Goldman Sachs Group, moving its rating from 'hold' to 'strong-buy'. This change reflects a positive assessment of the company's performance and potential for future growth.
The upgrade was announced on Wednesday, joining several other analysts who have recently increased their target prices or ratings for TC Energy. BMO Capital Markets upped their target price to C$99.00 with an 'outperform' rating, while Royal Bank Of Canada upgraded the stock to a 'moderate buy' rating.
TC Energy's current market cap stands at C$86.89 billion, with a P/E ratio of 24.97 and a beta of 0.68. The company has reported earnings per share of C$0.94 for the quarter, with analysts expecting EPS of 3.5490515 for the current fiscal year.