Enbridge (TSE:ENB – Get Rating) (NYSE:ENB) had its target price upped by research analysts at Credit Suisse Group to C$62.00 in a research report issued on Monday, Stock Target Advisor reports. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 6.55% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Raymond James boosted their price objective on Enbridge from C$53.00 to C$54.50 and gave the stock a “market perform” rating in a research report on Monday, February 14th. CSFB boosted their price objective on Enbridge from C$48.00 to C$62.00 in a research report on Monday. TD Securities boosted their price objective on Enbridge from C$59.00 to C$61.00 and gave the stock a “buy” rating in a research report on Friday, April 1st. National Bankshares boosted their price objective on Enbridge from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Monday, February 14th. Finally, Royal Bank of Canada set a C$60.00 price objective on Enbridge and gave the stock an “outperform” rating in a research report on Monday, February 14th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$56.92.
Shares of ENB traded down C$0.52 during midday trading on Monday, hitting C$58.19. The company’s stock had a trading volume of 1,516,503 shares, compared to its average volume of 9,267,264. Enbridge has a one year low of C$45.76 and a one year high of C$58.97. The company’s fifty day simple moving average is C$55.72 and its two-hundred day simple moving average is C$52.47. The company has a quick ratio of 0.36, a current ratio of 0.49 and a debt-to-equity ratio of 120.82. The stock has a market capitalization of C$117.87 billion and a price-to-earnings ratio of 20.28.
In related news, Senior Officer Cynthia Lynn Hansen sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of C$57.18, for a total transaction of C$57,180.00. Following the transaction, the insider now directly owns 219,895 shares of the company’s stock, valued at approximately C$12,573,596.10. Also, Senior Officer Vernon Dai-Chung Yu sold 7,593 shares of the company’s stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of C$56.74, for a total value of C$430,826.82. Following the transaction, the insider now directly owns 168,775 shares in the company, valued at C$9,576,293.50. Insiders sold a total of 13,133 shares of company stock worth $737,256 over the last three months.
Enbridge Company Profile (Get Rating)
Enbridge Inc operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
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