Enbridge (TSE:ENB) Stock Price Expected to Rise, CIBC Analyst Says

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB had its price target increased by CIBC from C$66.00 to C$67.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC's price objective points to a potential upside of 10.96% from the stock's current price.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Royal Bank of Canada lifted their price objective on Enbridge from C$63.00 to C$67.00 in a research note on Tuesday, February 18th. Wells Fargo & Company lifted their price objective on Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Barclays lifted their price objective on Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. Finally, BMO Capital Markets lifted their price objective on Enbridge from C$59.00 to C$60.00 in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Enbridge currently has an average rating of "Hold" and an average target price of C$63.31.

Enbridge Trading Up 1.4 %

Shares of ENB stock traded up C$0.86 on Wednesday, reaching C$60.38. 8,670,759 shares of the stock were exchanged, compared to its average volume of 10,119,828. The stock has a market cap of C$130.86 billion, a PE ratio of 19.63, a P/E/G ratio of 1.72 and a beta of 0.90. Enbridge has a one year low of C$45.39 and a one year high of C$65.62. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44. The stock has a 50 day moving average price of C$62.35 and a 200 day moving average price of C$58.94.

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Insider Transactions at Enbridge

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total transaction of C$66,293.64. 0.10% of the stock is owned by insiders.

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.