Enbridge Inc (ENB) PT Lowered to C$63.00 at National Bank Financial
Enbridge Inc (TSE:ENB) (NYSE:ENB) had its price objective dropped by investment analysts at National Bank Financial from C$67.00 to C$63.00 in a report released on Friday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 34.47% from the stock’s current price.
ENB has been the topic of several other research reports. Scotiabank dropped their target price on Enbridge from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a report on Friday. TD Securities dropped their price objective on Enbridge from C$64.00 to C$62.00 and set a “buy” rating on the stock in a research note on Friday. CIBC dropped their price objective on Enbridge from C$69.00 to C$67.00 in a research note on Friday. Finally, Royal Bank Of Canada dropped their price objective on Enbridge from C$64.00 to C$63.00 and set an “outperform” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$63.66.
Enbridge (TSE:ENB) traded down C$0.18 during trading hours on Friday, reaching C$46.85. The company’s stock had a trading volume of 3,250,000 shares, compared to its average volume of 2,210,000. Enbridge has a 1 year low of C$46.61 and a 1 year high of C$58.56.
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In related news, Director Albert Monaco purchased 9,356 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of C$50.02 per share, with a total value of C$467,987.12. Also, Director Michael E.J. Phelps sold 6,300 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of C$41.42, for a total transaction of C$260,946.00. Over the last ninety days, insiders have purchased 10,056 shares of company stock valued at $502,753 and have sold 101,299 shares valued at $4,894,048.
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.
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