Stifel Nicolaus announced Targa Resources Corp (NYSE:TRGP), bumping up its stock price target to $52.00 today
- Updated: December 1, 2016
Just yesterday Targa Resources Corp (NYSE:TRGP) traded -2.68% lower at $53.29. Targa Resources Corp’s 50-day moving average is $48.28 and its 200-day moving average is $44.69. The last stock price is up 16.04% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 2,903,078 shares of TRGP traded hands, up from an average trading volume of 2,260,790
In a report released on 12/01/2016 Stifel Nicolaus increased the stock price target of Targa Resources Corp (NYSE:TRGP) from $50.00 to $52.00 reporting a possible downside of -0.02%.
Previously on Friday February 26, 2016, Wunderlich released a statement about Targa Resources Corp (NYSE:TRGP) increased the target price from $20.00 to $24.00. At the time, this indicated a possible downside of -0.10%.
Recent Performance Chart
Targa Resources Corp has 52 week low of $14.55 and a 52 week high of $54.12 and has a market capitalization of $0.
In addition to Stifel Nicolaus reporting its stock price target, a total of 17 brokerages have issued a research note on the company. The average stock price target is $41.62 with 4 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 12 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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