- TC Energy (TRP, Financial) reactivates Michigan's ANR Pipeline after third-party damage repairs.
- Analysts set a one-year price target of $50.85 on average for TC Energy.
- GuruFocus estimates suggest a potential 18.09% downside from current price.
TC Energy Corp. (TRP) has triumphantly completed repairs on the ANR Pipeline in Michigan. This crucial pipeline was previously shut down due to damage resulting from third-party impact. Spanning over 9,367 miles, the ANR Pipeline is a key provider, channeling more than 10 billion cubic feet of natural gas daily to the Midwest region.
Wall Street Analysts Forecast
Wall Street analysts have shared their one-year price projections for TC Energy Corp (TRP), with insights from five experts in the field. The average price target stands at $50.85, with a high estimate reaching $53.88 and a low of $42.61. This average price target suggests a potential upside of 5.85% from the current trading price of $48.04. For more in-depth data on these estimates, visit the TC Energy Corp (TRP, Financial) Forecast page.
According to consensus from six brokerage firms, TC Energy's average brokerage recommendation holds at 2.8, indicative of a "Hold" status. This rating scale spans from 1 to 5, with 1 representing a Strong Buy and 5 signifying a Sell recommendation.
Furthermore, GuruFocus estimates peg the GF Value for TC Energy Corp (TRP) at $39.35 over the next year. This estimation points to a potential downside of 18.09% from the current market price of $48.04. The GF Value metric reflects GuruFocus' calculated fair value, considering historical multiples, past growth, and projected future business performance. For a more comprehensive analysis, explore the insights on the TC Energy Corp (TRP, Financial) Summary page.
