Enbridge Inc (ENB) Receives Average Recommendation of “Buy” from Analysts
Enbridge Inc (TSE:ENB) (NYSE:ENB) has been assigned an average rating of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$60.47.
Several analysts recently commented on the company. TD Securities dropped their price objective on Enbridge from C$62.00 to C$61.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$66.00 price objective on shares of Enbridge in a research note on Wednesday, December 13th. National Bank Financial dropped their price target on Enbridge from C$63.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Thursday, November 30th. Royal Bank of Canada dropped their price target on Enbridge from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 13th. Finally, Scotiabank dropped their price target on Enbridge from C$61.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Thursday, November 30th.
Shares of Enbridge (TSE ENB) opened at C$49.14 on Monday. The company has a market capitalization of $82,900.00, a price-to-earnings ratio of 25.07 and a beta of 0.28. Enbridge has a 12 month low of C$43.91 and a 12 month high of C$58.28.
In related news, insider Bradley Francis Shamla sold 3,019 shares of Enbridge stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$50.00, for a total value of C$150,950.00. Also, Director Wanda Marie Opheim sold 28,000 shares of Enbridge stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of C$51.70, for a total value of C$1,447,600.00. Insiders sold a total of 83,418 shares of company stock worth $3,957,467 in the last three months.
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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