Enbridge (TSE:ENB) Given New C$59.00 Price Target at Raymond James

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB had its target price increased by analysts at Raymond James from C$54.00 to C$59.00 in a report released on Tuesday, BayStreet.CA reports. Raymond James' target price suggests a potential upside of 2.95% from the company's current price.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Enbridge from C$57.00 to C$60.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. BMO Capital Markets upped their target price on Enbridge from C$54.00 to C$56.00 in a research report on Thursday, September 5th. National Bankshares raised their target price on Enbridge from C$53.00 to C$57.00 and gave the stock a "sector perform" rating in a research note on Friday, August 23rd. Royal Bank of Canada boosted their price target on Enbridge from C$55.00 to C$59.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Finally, CIBC increased their price target on Enbridge from C$57.00 to C$59.00 in a report on Monday, July 15th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of C$55.67.

Enbridge Price Performance

ENB stock traded down C$0.17 during trading on Tuesday, reaching C$57.31. 2,718,332 shares of the company were exchanged, compared to its average volume of 8,052,483. The company has a market capitalization of C$124.94 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. The company has a 50-day moving average of C$54.89 and a two-hundred day moving average of C$51.27. Enbridge has a twelve month low of C$43.21 and a twelve month high of C$58.28.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last posted its quarterly earnings data on Friday, August 2nd. The company reported C$0.58 earnings per share for the quarter, missing analysts' consensus estimates of C$0.62 by C($0.04). Enbridge had a net margin of 13.54% and a return on equity of 8.57%. The company had revenue of C$11.34 billion during the quarter, compared to analyst estimates of C$5.86 billion. As a group, equities analysts predict that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Insider Transactions at Enbridge

In other Enbridge news, Senior Officer Maximilian Chan sold 688 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total transaction of C$37,977.60. In other Enbridge news, Senior Officer Maximilian Chan sold 688 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total value of C$37,977.60. Also, Director Steven Walter Williams bought 18,600 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of C$53.74 per share, for a total transaction of C$999,564.00. Company 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.