Enbridge (TSE:ENB) Given New C$67.00 Price Target at Royal Bank of Canada

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB had its target price raised by analysts at Royal Bank of Canada from C$63.00 to C$67.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Royal Bank of Canada's target price would indicate a potential upside of 12.70% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets boosted their price target on Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. Morgan Stanley set a C$64.00 target price on Enbridge and gave the company an "equal weight" rating in a report on Friday, October 25th. Scotiabank increased their price target on Enbridge from C$61.00 to C$65.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Jefferies Financial Group boosted their price objective on shares of Enbridge from C$59.00 to C$65.00 in a research note on Thursday, January 30th. Finally, CIBC boosted their price objective on shares of Enbridge from C$63.00 to C$66.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Enbridge presently has an average rating of "Hold" and an average target price of C$63.23.

Enbridge Stock Performance

Shares of ENB stock traded down C$0.01 during trading hours on Tuesday, hitting C$59.45. The stock had a trading volume of 10,803,839 shares, compared to its average volume of 10,191,566. The stock's 50 day moving average is C$62.19 and its 200 day moving average is C$58.44. The firm has a market capitalization of C$128.84 billion, a PE ratio of 19.33, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a twelve month low of C$45.39 and a twelve month 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.

Insider Activity

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total transaction of C$66,293.64. Company 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.