TD Securities Reiterates "C$66.00" Price Target for Enbridge (TSE:ENB)

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB has been given a C$66.00 price objective by investment analysts at TD Securities in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' price target would suggest a potential upside of 3.94% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank lifted their price target on shares of Enbridge from C$57.00 to C$61.00 in a research report on Wednesday, December 4th. Wells Fargo & Company upped their target price on shares of Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. Jefferies Financial Group lowered Enbridge from a "buy" rating to a "hold" rating and boosted their price objective for the company from C$55.00 to C$58.00 in a research report on Monday, September 30th. Morgan Stanley set a C$64.00 price target on shares of Enbridge and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, BMO Capital Markets increased their price objective on shares of Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of C$61.69.

Enbridge Trading Up 0.4 %

TSE:ENB traded up C$0.26 during trading hours on Wednesday, hitting C$63.50. 8,655,560 shares of the stock were exchanged, compared to its average volume of 6,281,723. The company has a market capitalization of C$138.43 billion, a P/E ratio of 24.42, a price-to-earnings-growth 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. The company's 50 day moving average is C$60.39 and its two-hundred day moving average is C$55.76. Enbridge has a twelve month low of C$45.05 and a twelve month high of C$64.02.

Insiders Place Their Bets

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge 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

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.