Enbridge Inc (TSE:ENB) (NYSE:ENB) has received a consensus rating of “Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$59.28.
A number of research analysts have recently weighed in on the stock. Canaccord Genuity cut their price target on shares of Enbridge from C$54.00 to C$52.00 in a report on Wednesday, February 14th. TD Securities cut their price target on shares of Enbridge from C$62.00 to C$61.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. BMO Capital Markets restated an “outperform” rating and set a C$66.00 price target on shares of Enbridge in a report on Wednesday, December 13th. National Bank Financial cut their price target 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. Finally, Scotiabank cut their price target on shares of Enbridge from C$61.00 to C$60.00 and set an “outperform” rating on the stock in a report on Thursday, November 30th.
In related news, Director Michael E.J. Phelps sold 900 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$50.06, for a total value of C$45,054.00. Also, insider Vernon Dai-Chung Yu sold 9,700 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of C$50.20, for a total transaction of C$486,940.00. Insiders sold a total of 14,219 shares of company stock worth $704,975 over the last quarter.
Enbridge (ENB) opened at C$40.99 on Friday. The firm has a market cap of $69,480.00, a price-to-earnings ratio of 24.25 and a beta of 0.26. Enbridge has a twelve month low of C$40.38 and a twelve month high of C$57.75.
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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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