Enbridge (TSE:ENB) (NYSE:ENB)‘s stock had its “outperform” rating reiterated by research analysts at BMO Capital Markets in a research note issued to investors on Wednesday. They currently have a C$66.00 price target on the stock. BMO Capital Markets’ price target would indicate a potential upside of 33.17% from the company’s previous close.

A number of other brokerages have also recently commented on ENB. CIBC dropped their target price on shares of Enbridge from C$71.00 to C$69.00 in a report on Tuesday, October 17th. Scotiabank dropped their target price on shares of Enbridge from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. TD Securities dropped their target price on shares of Enbridge from C$64.00 to C$62.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Royal Bank of Canada dropped their target price on shares of Enbridge from C$64.00 to C$63.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Finally, National Bank Financial dropped their target price on shares of Enbridge from C$63.00 to C$60.00 and set an “outperform” rating on the stock in a report on Thursday, November 30th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of C$60.58.

Shares of Enbridge (TSE ENB) traded up C$0.23 during mid-day trading on Wednesday, hitting C$49.56. 3,377,880 shares of the stock were exchanged, compared to its average volume of 2,989,445. Enbridge has a 1 year low of C$43.91 and a 1 year high of C$58.28.

In other Enbridge news, Director Albert Monaco bought 9,356 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was acquired at an average price of C$50.02 per share, with a total value of C$467,987.12. Also, insider Laszlo Varsanyi sold 2,700 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of C$23.85, for a total value of C$64,395.00. In the last ninety days, insiders bought 10,156 shares of company stock valued at $499,357 and sold 103,999 shares valued at $4,958,443.

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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.

Analyst Recommendations for Enbridge (TSE:ENB)

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