Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Robert Ross Rooney acquired 6,100 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was bought at an average price of C$40.80 per share, for a total transaction of C$248,880.00.
Shares of Enbridge Inc (ENB) traded up C$0.22 during midday trading on Friday, reaching C$41.28. 13,705,198 shares of the company’s stock were exchanged, compared to its average volume of 3,446,923. Enbridge Inc has a twelve month low of C$40.00 and a twelve month high of C$57.75. The company has a market capitalization of $69,600.00, a PE ratio of 24.43 and a beta of 0.26.
ENB has been the topic of several research analyst reports. TD Securities decreased their price objective on shares of Enbridge from C$61.00 to C$57.00 and set a “buy” rating on the stock in a research report on Tuesday, February 20th. BMO Capital Markets decreased their price objective on shares of Enbridge from C$66.00 to C$63.00 in a research report on Tuesday, February 6th. Canaccord Genuity reduced their price target on shares of Enbridge from C$54.00 to C$52.00 in a research report on Wednesday, February 14th. Scotiabank reduced their price target on shares of Enbridge from C$60.00 to C$59.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. Finally, CIBC reduced their price target on shares of Enbridge from C$67.00 to C$63.00 in a research report on Friday, December 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$58.41.
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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