Barclays Sticks to Their Hold Rating for TC Pipelines (TCP)
In a report issued on July 16, Christine Cho, CFA from Barclays maintained a Hold rating on TC Pipelines (TCP), with a price target of $42. The company’s shares closed yesterday at $39.45, close to its 52-week high of $40.26.
According to TipRanks.com, CFA is a 2-star analyst with an average return of 0.1% and a 48.0% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Antero Midstream Corporation, Cheniere Energy Partners LP, and Dcp Midstream Partners Lp.
Currently, the analyst consensus on TC Pipelines is a Hold with an average price target of $37.
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The company has a one-year high of $40.26 and a one-year low of $26.88. Currently, TC Pipelines has an average volume of 125.9K.
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TC Pipelines LP engages in nautral gas pipelines business. It transports natural gas in Western, Midwestern and Eastern United States. The firm is managed by its general partner TC Pipelines GP, Inc., which is an indirect, wholly-owned subsidiary of TransCanada. The company was founded in 1998 and is headquartered in Houston, TX.