TC PipeLines, LP with ticker code (TCP) have now 10 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 44 and 33 with the average target price sitting at 39.3. Given that the stocks previous close was at 29.7 this would imply there is a potential upside of 32.3%. The day 50 moving average is 28.59 and the 200 moving average now moves to 31.25. The market capitalisation for the company is $2,170m. Company Website: http://www.tcpipelineslp.com
The potential market cap would be $2,871m based on the market concensus.
TC PipeLines, LP acquires, owns, and participates in the management of energy infrastructure businesses in North America. The company has interests in eight natural gas interstate pipeline systems that transport approximately 10.9 billion cubic feet per day of natural gas from producing regions and import facilities to market hubs and consuming markets primarily in the Western, Midwestern, and Eastern United States. It serves large utilities, local distribution companies, natural gas marketers, producing companies, and other interstate pipelines, including affiliates. TC PipeLines GP operates as a general partner of the company. TC PipeLines, LP was founded in 1998 and is based in Houston, Texas.
