Enbridge Inc (ENB) PT Lowered to C$63.00 at Royal Bank Of Canada
Enbridge Inc (TSE:ENB) (NYSE:ENB) had its price objective dropped by equities researchers at Royal Bank Of Canada from C$64.00 to C$63.00 in a report issued on Friday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 34.47% from the company’s current price.
A number of other research analysts also recently weighed in on ENB. CIBC cut their price objective on Enbridge from C$71.00 to C$69.00 in a research note on Tuesday, October 17th. TD Securities dropped their price target on Enbridge from C$64.00 to C$62.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Scotiabank decreased their price objective on Enbridge from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a report on Friday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Enbridge currently has an average rating of “Buy” and an average price target of C$63.66.
Shares of Enbridge (ENB) traded down C$0.18 during trading on Friday, hitting C$46.85. The stock had a trading volume of 3,250,000 shares, compared to its average volume of 2,210,000. Enbridge has a fifty-two week low of C$46.61 and a fifty-two week high of C$58.56.
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In other news, Director Albert Monaco bought 9,356 shares of the stock in a transaction dated Friday, September 15th. The shares were bought at an average price of C$50.02 per share, for a total transaction of C$467,987.12. Also, Director Gregory Lorne Ebel sold 25,820 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of C$41.49, for a total value of C$1,071,271.80. Over the last 90 days, insiders acquired 10,056 shares of company stock valued at $502,753 and sold 101,299 shares valued at $4,894,048.
Enbridge Company Profile
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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