Enbridge Inc. (TSE:ENB) Receives C$56.92 Consensus Price Target from Analysts

Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB have been given a consensus rating of "Hold" by the eleven brokerages that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$56.92.

Several equities research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Enbridge from C$54.00 to C$56.00 in a research note on Thursday, September 5th. CIBC raised their price target on Enbridge from C$59.00 to C$67.00 in a report on Monday. Royal Bank of Canada boosted their price objective on Enbridge from C$55.00 to C$59.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their target price on shares of Enbridge from C$57.00 to C$60.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company upgraded shares of Enbridge from a "strong sell" rating to a "hold" rating in a research report on Wednesday.

Enbridge Price Performance

ENB stock traded up C$0.12 during midday trading on Friday, reaching C$58.93. 9,526,306 shares of the company's stock traded hands, compared to its average volume of 8,103,858. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. The company has a market cap of C$128.47 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 1.72 and a beta of 0.90. The company has a 50-day simple moving average of C$55.92 and a two-hundred day simple moving average of C$52.21. Enbridge has a 1-year low of C$45.05 and a 1-year high of C$59.14.

Enbridge Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be paid a dividend of $0.915 per share. The ex-dividend date is Friday, November 15th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 6.21%. Enbridge's dividend payout ratio is 140.77%.

Insider Activity at Enbridge

In other news, Director Steven Walter Williams bought 18,600 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of C$53.74 per share, for a total transaction of C$999,564.00. In other Enbridge news, Director Steven Walter Williams bought 18,600 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of C$53.74 per share, with a total value of C$999,564.00. Also, Senior Officer Maximilian Chan sold 688 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total value of C$37,977.60. Insiders own 0.10% of the company's stock.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.