Barclays PLC disclosed Targa Resources Corp (NYSE:TRGP), boosting its price target to $55.00 earlier today
- Updated: September 26, 2016
Reporting a potential upside of 0.18%, Barclays PLC upped the price target of Targa Resources Corp (NYSE:TRGP) to $55.00
On Monday September 19, 2016, Goldman Sachs Group Inc. released a statement about Targa Resources Corp (NYSE:TRGP) upped the target price from $41.00 to $52.00 that suggested an upside of 0.11%.
Having a price of $46.78, Targa Resources Corp (NYSE:TRGP) traded -0.76% lower on the day. With the last stock price up 17.41% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. TRGP has recorded a 50-day average of $44.83 and a two hundred day average of $39.84. Trade Volume was down over the average, with 1,828,385 shares of TRGP changing hands under the typical 2,165,580
Recent Performance Chart
Targa Resources Corp has with a one year low of $14.55 and a one year high of $66.87 and has a market capitalization of $0.
A total of 17 brokerages have issued a ratings update on Targa Resources Corp. Four brokerages rating the company a strong buy, three brokerages rating the company a buy, twelve brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $41.62.
General Company Details For Targa Resources Corp (NYSE:TRGP)
Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP (the Partnership), is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas and storing, fractionating, treating, transporting, terminaling and selling NGLs, NGL products, and gathering, storing and terminaling crude oil and refined petroleum products. The Partnership operates in two divisions: Gathering and Processing, and Logistics and Marketing. The Gathering and Processing division consists of two segments: Field Gathering and Processing, and Coastal Gathering and Processing. The Logistics and Marketing division consists of two segments: Logistics Assets, and Marketing and Distribution.
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