Published On: Wed, Sep 13th, 2017

Brokers Add To Their Ratings On Targa Resources, Inc. (NYSE:TRGP)


A number of investment brokers have recently updated their price targets on shares of Targa Resources, Inc. (NYSE:TRGP).

Most recent broker ratings

09/01/2017 – Targa Resources, Inc. had its “buy” rating reiterated by analysts at Jefferies. They now have a USD 49 price target on the stock.

08/14/2017 – Targa Resources, Inc. was upgraded to “buy” by analysts at Guggenheim. They now have a USD 50 price target on the stock.

07/18/2017 – Targa Resources, Inc. was downgraded to “equal-weight” by analysts at Barclays. They now have a USD 47 price target on the stock.

07/17/2017 – Targa Resources, Inc. had its “buy” rating reiterated by analysts at Stifel Nicolaus. They now have a USD 54 price target on the stock.

07/17/2017 – Targa Resources, Inc. was upgraded to “outperform” by analysts at Wells Fargo.

07/14/2017 – Targa Resources, Inc. had its “outperform” rating reiterated by analysts at RBC Capital. They now have a USD 60 price target on the stock.

07/13/2017 – Targa Resources, Inc. was downgraded to “hold” by analysts at Deutsche Bank. They now have a USD 47 price target on the stock.

06/29/2017 – Targa Resources, Inc. had its “outperform” rating reiterated by analysts at Robert W. Baird. They now have a USD 52 price target on the stock.

06/27/2017 – Targa Resources, Inc. had its “buy” rating reiterated by analysts at Citigroup. They now have a USD 54 price target on the stock.

06/22/2017 – Targa Resources, Inc. had its “buy” rating reiterated by analysts at UBS. They now have a USD 59 price target on the stock.

06/05/2017 – Targa Resources, Inc. had its “neutral” rating reiterated by analysts at JP Morgan. They now have a USD 53 price target on the stock.

05/05/2017 – Targa Resources, Inc. had its “neutral” rating reiterated by analysts at Credit Suisse. They now have a USD 56 price target on the stock.

05/05/2017 – Targa Resources, Inc. was upgraded to “strong buy” by analysts at Raymond James. They now have a USD 55 price target on the stock.

05/02/2017 – Targa Resources, Inc. was upgraded to “buy” by analysts at Seaport Global Securities. They now have a USD 63 price target on the stock.

04/20/2017 – Macquarie began new coverage on Targa Resources, Inc. giving the company a “outperform” rating. They now have a USD 65 price target on the stock.

The share price of Targa Resources, Inc. (NYSE:TRGP) was up +1.84% during the last trading session, with a day high of 46.52. 1219956 shares were traded on Targa Resources, Inc.’s last session.

The stock’s 50 day moving average is 44.81 and its 200 day moving average is 49.67. The stock’s market capitalization is 10.00B. Targa Resources, Inc. has a 52-week low of 40.25 and a 52-week high of 61.83.

Targa Resources Corp. is a midstream energy company in North America. It provides midstream services. Its segments include Gathering and Processing, and Logistics and Marketing (Downstream Business). It is engaged in the business of gathering, compressing, treating, processing and selling natural gas; storing, fractionating, treating, transporting and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas exporters; gathering, storing and terminalling crude oil, and storing, terminalling and selling refined petroleum products. The Gathering and Processing segment consists of gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas and gathering crude oil. The Logistics and Marketing segment includes all the activities necessary to convert mixed NGLs into NGL products and provides certain services, such as storing, fractionating, terminalling, transporting and marketing of NGLs and NGL products.