Enbridge Inc (ENB) Price Target Raised to C$64.00
Enbridge Inc (TSE:ENB) (NYSE:ENB) had its price target boosted by equities research analysts at TD Securities from C$62.00 to C$64.00 in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 21.74% from the company’s current price.
ENB has been the subject of a number of other reports. GMP Securities decreased their target price on shares of Enbridge from C$64.00 to C$61.25 in a research report on Friday, June 16th. Scotiabank restated an “outperform” rating and set a C$62.00 target price on shares of Enbridge in a research report on Monday, May 1st. Finally, Royal Bank Of Canada decreased their target price on shares of Enbridge from C$67.00 to C$64.00 and set an “outperform” rating for the company in a research report on Monday, June 12th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$63.94.
Enbridge (TSE:ENB) traded down 2.17% during midday trading on Tuesday, hitting $51.43. The stock had a trading volume of 1,486,424 shares. The firm has a market capitalization of $84.29 billion and a P/E ratio of 42.79. Enbridge has a 52-week low of $49.61 and a 52-week high of $59.19. The firm has a 50-day moving average of $51.58 and a 200 day moving average of $54.41.
In other Enbridge news, insider Mark Andrew Maki sold 19,500 shares of the company’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of C$40.35, for a total value of C$786,825.00. Also, Director Albert Monaco acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was purchased at an average price of C$51.11 per share, with a total value of C$1,022,200.00.
Enbridge Company Profile
Enbridge Inc engages in energy transportation activities in the United States and Canada. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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