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Tallgrass Energy GP LP (NYSE:TEGP) stock price target increased to $28.00, issued a research note today by Zacks Investment Research

Reporting a possible upside of 0.20%, Zacks Investment Research increased the stock price target of Tallgrass Energy GP LP (NYSE:TEGP) to $28.00

Boasting a price of $23.31, Tallgrass Energy GP LP (NYSE:TEGP) traded -0.47% lower on the day. With the last stock price close down -0.19% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Tallgrass Energy GP LP has recorded a 50-day average of $27.30 and a two hundred day average of $27.30. Volume of trade was down over the average, with 162,003 shares of TEGP changing hands under the typical 235,857

Performance Chart

Tallgrass Energy GP LP (NYSE:TEGP)

With a total market value of $0, Tallgrass Energy GP LP has price-earnings ratio of 40.31 with a one year low of $21.74 and a one year high of $29.30 .

A total of 15 equity analysts have released a research note on TEGP. Two equity analysts rating the company a strong buy, three equity analysts rating the company a buy, ten equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $24.87.

Brief Synopsis About Tallgrass Energy GP LP (NYSE:TEGP)

Tallgrass Energy GP, LP is a limited partnership company, which includes the operations of Tallgrass Equity, LLC (Tallgrass Equity), Tallgrass MLP GP, LLC, Tallgrass Energy Partners, LP (TEP), and TEP's subsidiaries. TEP owns, operates, acquires and develops midstream energy assets in North America. TEP's segments include Crude Oil Transportation & Logistics, which is engaged in the ownership and operation of a crude oil pipeline system, and crude oil storage and terminaling facilities; Natural Gas Transportation & Logistics, which is engaged in the ownership and operation of interstate natural gas pipelines and integrated natural gas storage facilities; Processing & Logistics, which is engaged in the ownership and operation of natural gas processing, treating and fractionation facilities, and the provision of water business services to the oil and gas exploration and production industry, and Corporate and Other.

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