Enbridge (TSE:ENB) (NYSE:ENB) has been assigned an average recommendation of “Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$56.23.
A number of equities analysts have recently issued reports on ENB shares. TD Securities dropped their price objective on shares of Enbridge from C$61.00 to C$57.00 and set a “buy” rating for the company in a research note on Tuesday, February 20th. BMO Capital Markets dropped their price objective on shares of Enbridge from C$66.00 to C$63.00 in a research note on Tuesday, February 6th. Canaccord Genuity dropped their price objective on shares of Enbridge from C$54.00 to C$52.00 in a research note on Wednesday, February 14th. Scotiabank dropped their price objective on shares of Enbridge from C$60.00 to C$59.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada dropped their price objective on shares of Enbridge from C$63.00 to C$59.00 and set an “outperform” rating for the company in a research note on Wednesday, December 13th.
In other news, insider Bradley Francis Shamla sold 1,009 shares of the company’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of C$40.00, for a total value of C$40,360.00. Also, insider Robert Ross Rooney bought 6,100 shares of the stock in a transaction dated Thursday, March 15th. The stock was purchased at an average cost of C$40.80 per share, for a total transaction of C$248,880.00. In the last ninety days, insiders bought 7,100 shares of company stock worth $290,630.
TSE:ENB traded up C$0.44 during trading hours on Wednesday, hitting C$40.30. 1,511,253 shares of the company traded hands, compared to its average volume of 3,555,140. Enbridge has a twelve month low of C$38.02 and a twelve month high of C$57.75.
Enbridge (TSE:ENB) (NYSE:ENB) last released its earnings results on Friday, February 16th. The company reported C$0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.53 by C$0.08. The firm had revenue of C$12.89 billion during the quarter, compared to analysts’ expectations of C$11.73 billion. Enbridge had a net margin of 11.00% and a return on equity of 6.04%.
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Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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