Enbridge (TSE:ENB) Given New C$67.00 Price Target at CIBC

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB had its price objective hoisted by CIBC from C$59.00 to C$67.00 in a note issued to investors on Monday, BayStreet.CA reports. CIBC's target price indicates a potential upside of 18.04% from the company's previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on Enbridge from C$57.00 to C$60.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. BMO Capital Markets increased their target price on Enbridge from C$54.00 to C$56.00 in a research report on Thursday, September 5th. Raymond James boosted their price target on shares of Enbridge from C$54.00 to C$59.00 in a research report on Tuesday, October 22nd. 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, Royal Bank of Canada lifted their price objective on shares of Enbridge from C$55.00 to C$59.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of C$56.92.

Enbridge Price Performance

ENB traded up C$0.34 during trading on Monday, reaching C$56.76. 20,992,014 shares of the company traded hands, compared to its average volume of 8,043,118. The company has a market cap of C$123.74 billion, a P/E ratio of 21.83, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. Enbridge has a 12-month low of C$45.05 and a 12-month high of C$58.28. The firm has a fifty day simple moving average of C$55.55 and a 200 day simple moving average of C$51.93.

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

Insider Buying and Selling at Enbridge

In related news, Director Steven Walter Williams purchased 18,600 shares of Enbridge stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of C$53.74 per share, with a total value of C$999,564.00. In other news, Senior Officer Maximilian Chan sold 688 shares of the 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. Also, Director Steven Walter Williams purchased 18,600 shares of the business's stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of C$53.74 per share, for a total transaction of C$999,564.00. 0.10% of the stock is currently owned by corporate insiders.

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.