Shares of Tallgrass Energy GP, LP (NYSE:TEGP) have received an average recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $31.13.
A number of research analysts recently commented on the stock. Robert W. Baird reiterated a “buy” rating and issued a $32.00 price target on shares of Tallgrass Energy GP in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of Tallgrass Energy GP from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 21st. Barclays reiterated a “buy” rating and issued a $34.00 price target on shares of Tallgrass Energy GP in a research note on Thursday, October 19th. BidaskClub downgraded shares of Tallgrass Energy GP from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $31.00 price objective on shares of Tallgrass Energy GP in a report on Sunday, October 29th.
In other news, Director Thomas A. Gerke purchased 9,800 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average price of $25.50 per share, with a total value of $249,900.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David G. Dehaemers, Jr. purchased 5,428 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of $25.04 per share, with a total value of $135,917.12. The disclosure for this purchase can be found here.
Tallgrass Energy GP (NYSE TEGP) opened at $24.23 on Friday. Tallgrass Energy GP has a 52 week low of $21.79 and a 52 week high of $29.50. The company has a market cap of $3,740.49, a PE ratio of 29.74, a P/E/G ratio of 3.04 and a beta of 1.97. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 1.18.
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