Shares of Enbridge Inc (TSE:ENB) (NYSE:ENB) have received an average recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$64.18.

A number of research analysts recently weighed in on the company. TD Securities boosted their target price on Enbridge from C$62.00 to C$64.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Royal Bank Of Canada decreased their target price on Enbridge from C$67.00 to C$64.00 and set an “outperform” rating on the stock in a report on Monday, June 12th. Finally, GMP Securities decreased their target price on Enbridge from C$64.00 to C$61.25 in a report on Friday, June 16th.

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Shares of Enbridge (TSE:ENB) opened at 50.15 on Friday. Enbridge has a 52-week low of $48.98 and a 52-week high of $59.18. The company has a market capitalization of $82.54 billion and a PE ratio of 32.38. The stock has a 50 day moving average price of $50.46 and a 200 day moving average price of $53.10.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were paid a $0.61 dividend. The ex-dividend date was Friday, August 11th. This represents a $2.44 annualized dividend and a yield of 4.87%.

In related news, insider William Turner Yardley sold 4,252 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of C$39.81, for a total value of C$169,272.12. Also, insider Mark Andrew Maki sold 19,500 shares of the business’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of C$40.35, for a total value of C$786,825.00. Insiders sold a total of 28,887 shares of company stock valued at $1,227,482 over the last 90 days.

About Enbridge

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

Analyst Recommendations for Enbridge (TSE:ENB)

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