There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on TC Energy (TRP – Research Report) and Hardwoods Distribution (HDIUF – Research Report) with bullish sentiments.
TC Energy (TRP)
In a report released today, Robert Catellier from CIBC reiterated a Buy rating on TC Energy, with a price target of C$74.00. The company’s shares closed last Tuesday at $48.16.
According to TipRanks.com, Catellier is a 4-star analyst with an average return of
Currently, the analyst consensus on TC Energy is a Moderate Buy with an average price target of $54.40, representing a 13.0% upside. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a C$70.00 price target.
See today’s analyst top recommended stocks >>
Hardwoods Distribution (HDIUF)
CIBC analyst Hamir Patel reiterated a Buy rating on Hardwoods Distribution today and set a price target of C$51.00. The company’s shares closed last Monday at $28.27.
According to TipRanks.com, Patel is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hardwoods Distribution with a $43.92 average price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on TRP:
