Enbridge (TSE:ENB - Get Free Report) NYSE: ENB had its target price lifted by Barclays from C$59.00 to C$64.00 in a research report issued on Monday,BayStreet.CA reports. Barclays's target price indicates a potential upside of 3.88% from the company's previous close.
ENB has been the subject of a number of other research reports. Scotiabank boosted their price target on Enbridge from C$57.00 to C$61.00 in a report on Wednesday, December 4th. Wells Fargo & Company increased their price target on Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. BMO Capital Markets raised their price target on Enbridge from C$59.00 to C$60.00 in a research note on Wednesday, December 4th. CIBC upped their price objective on shares of Enbridge from C$61.00 to C$63.00 in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Enbridge has a consensus rating of "Hold" and a consensus price target of C$61.08.
View Our Latest Research Report on Enbridge
Enbridge Trading Down 1.0 %
ENB stock traded down C$0.64 during trading on Monday, hitting C$61.61. The company had a trading volume of 6,543,482 shares, compared to its average volume of 5,763,586. Enbridge has a 52-week low of C$45.05 and a 52-week high of C$62.75. The company has a 50 day simple moving average of C$59.62 and a 200-day simple moving average of C$55.18. The firm has a market capitalization of C$134.31 billion, a P/E ratio of 23.70, a PEG ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26.
Insider Transactions at Enbridge
In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the business'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. Insiders own 0.10% of the company's stock.
About Enbridge
(
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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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