TD Securities Trims Enbridge Inc (ENB) Target Price to C$62.00
Enbridge Inc (TSE:ENB) (NYSE:ENB) had its price objective cut by TD Securities from C$64.00 to C$62.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 32.34% from the stock’s previous close.
Separately, CIBC reduced their price target on Enbridge from C$71.00 to C$69.00 in a report on Tuesday, October 17th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$63.66.
Shares of Enbridge (ENB) traded down C$0.18 during midday trading 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 12-month low of C$46.61 and a 12-month high of C$58.56.
In other Enbridge news, Director Wanda Marie Opheim sold 28,000 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of C$51.70, for a total value of C$1,447,600.00. Also, insider Vernon Dai-Chung Yu sold 13,179 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of C$52.07, for a total value of C$686,230.53. In the last three months, insiders acquired 10,056 shares of company stock worth $502,753 and sold 101,299 shares worth $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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