Barclays’ Take on This Canadian Energy Stock
Barclays analyst Christine Cho, CFA maintained a Hold rating on Tallgrass Energy GP (TGE) yesterday and set a price target of $20.00. The company’s shares closed last Monday at $19.36.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -1.0% and a 45.7% success rate. CFA covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP, Targa Resources Corp, and EnLink Midstream LLC.
Tallgrass Energy GP has an analyst consensus of Hold, with a price target consensus of $20.67, representing a 7.1% upside. In a report issued on October 11, Stifel Nicolaus also downgraded the stock to Hold with a $20.00 price target.
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Tallgrass Energy GP’s market cap is currently $3.47B and has a P/E ratio of 13.13. The company has a Price to Book ratio of 1.85.
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Tallgrass Energy LP owns, operates, acquires, and develops midstream energy assets in North America. It operates through following segments: Natural Gas Transportation, Crude Oil Transportation and Gathering, Processing & Terminalling.