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.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, November 29th will be paid a $0.671 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, February 14th. This represents a $2.68 annualized dividend and a dividend yield of 5.46%. Enbridge’s dividend payout ratio (DPR) is currently 119.03%.

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.

TRADEMARK VIOLATION NOTICE: “Enbridge Inc (ENB) Receives Average Recommendation of “Buy” from Analysts” was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/25/enbridge-inc-enb-receives-average-recommendation-of-buy-from-analysts.html.

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)

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.