Enbridge (TSE:ENB) Given a C$64.00 Price Target by Morgan Stanley Analysts

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB has been assigned a C$64.00 price target by investment analysts at Morgan Stanley in a report issued on Friday, BayStreet.CA reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 12.42% from the stock's previous close.

Several other brokerages have also issued reports on ENB. CIBC lifted their price target on Enbridge from C$57.00 to C$59.00 in a research note on Monday, July 15th. Royal Bank of Canada lifted their price target on Enbridge from C$55.00 to C$59.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Raymond James lifted their price target on Enbridge from C$54.00 to C$59.00 in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on Enbridge from C$57.00 to C$60.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Finally, National Bankshares boosted their target price on Enbridge from C$53.00 to C$57.00 and gave the company a "sector perform" rating in a research note on Friday, August 23rd. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Enbridge presently has a consensus rating of "Hold" and an average target price of C$56.31.

Enbridge Price Performance

Enbridge stock traded down C$0.11 during midday trading on Friday, hitting C$56.93. 3,910,314 shares of the company's stock were exchanged, compared to its average volume of 8,009,056. Enbridge has a 52-week low of C$43.46 and a 52-week high of C$58.28. The stock has a 50-day moving average price of C$55.09 and a two-hundred day moving average price of C$51.46. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The company has a market cap of C$124.11 billion, a P/E ratio of 21.91, a PEG ratio of 1.72 and a beta of 0.90.

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

Insider Buying and Selling at Enbridge

In other Enbridge news, Senior Officer Maximilian Chan sold 688 shares of the company's stock in a transaction that occurred 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 news, Director Steven Walter Williams bought 18,600 shares of Enbridge stock in a transaction on 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. Also, Senior Officer Maximilian Chan sold 688 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total value of C$37,977.60. 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.