Enbridge (TSE:ENB - Get Free Report) NYSE: ENB had its target price boosted by research analysts at TD Securities from C$66.00 to C$67.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' price target suggests a potential upside of 12.70% from the company's previous close.
A number of other brokerages have also recently weighed in on ENB. Jefferies Financial Group lifted their price target on Enbridge from C$59.00 to C$65.00 in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Scotiabank upped their price target on shares of Enbridge from C$61.00 to C$65.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Royal Bank of Canada lifted their price objective on shares of Enbridge from C$63.00 to C$67.00 in a research report on Tuesday. Finally, CIBC increased their target price on Enbridge from C$63.00 to C$66.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$63.23.
Read Our Latest Report on ENB
Enbridge Price Performance
Enbridge stock traded down C$0.01 during mid-day trading on Tuesday, hitting C$59.45. The company's stock had a trading volume of 10,803,839 shares, compared to its average volume of 10,191,566. Enbridge has a twelve month low of C$45.39 and a twelve month high of C$65.62. The stock's fifty day moving average price is C$62.19 and its two-hundred day moving average price is C$58.44. The stock has a market capitalization of C$128.84 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86.
Insiders Place Their Bets
In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total value of C$66,293.64. Company insiders own 0.10% of the company's stock.
About Enbridge
(
Get Free Report)
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.
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