Enbridge (TSE:ENB) (NYSE:ENB) had its target price lowered by equities researchers at TD Securities from C$62.00 to C$61.00 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 23.08% from the company’s current price.
A number of other equities analysts have also recently issued reports on the company. Royal Bank of Canada reduced their target price on Enbridge from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a report on Wednesday. BMO Capital Markets restated an “outperform” rating and set a C$66.00 target price on shares of Enbridge in a report on Wednesday. CIBC reduced their target price on Enbridge from C$67.00 to C$63.00 in a report on Friday, December 1st. Scotiabank reduced their target price on Enbridge from C$61.00 to C$60.00 and set an “outperform” rating on the stock in a report on Thursday, November 30th. Finally, National Bank Financial reduced their target price on 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$60.47.
Shares of Enbridge (TSE ENB) traded up C$0.23 on Thursday, reaching C$49.56. The company’s stock had a trading volume of 3,377,880 shares, compared to its average volume of 2,991,064. Enbridge has a 12-month low of C$43.91 and a 12-month high of C$58.28.
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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