Enbridge Inc. (TSE:ENB) Given Average Recommendation of “Buy” by Brokerages

Enbridge Inc. (TSE:ENBGet Rating) (NYSE:ENB) has earned a consensus rating of “Buy” from the eighteen ratings firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$57.53.

A number of brokerages have recently issued reports on ENB. Raymond James boosted their price target on shares of Enbridge from C$54.50 to C$58.50 and gave the stock a “market perform” rating in a research report on Tuesday, April 19th. TD Securities increased their price target on Enbridge from C$59.00 to C$61.00 and gave the stock a “buy” rating in a report on Friday, April 1st. Tudor Pickering reissued a “hold” rating and issued a C$53.00 price objective on shares of Enbridge in a research note on Monday, February 14th. CIBC raised their target price on Enbridge from C$58.00 to C$61.00 in a research note on Thursday, April 21st. Finally, Morgan Stanley lowered Enbridge to a “hold” rating and set a C$60.00 price target on the stock. in a research note on Friday, January 7th.

In other news, Senior Officer Cynthia Lynn Hansen sold 1,000 shares of the company’s stock in a transaction 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 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 3,300 shares of the stock in a transaction on Friday, February 25th. The stock was sold at an average price of C$53.86, for a total value of C$177,738.00. Following the transaction, the insider now owns 171,183 shares of the company’s stock, valued at approximately C$9,219,916.38. In the last ninety days, insiders sold 13,133 shares of company stock worth $737,256.

Shares of ENB opened at C$56.16 on Thursday. The company has a debt-to-equity ratio of 120.82, a quick ratio of 0.36 and a current ratio of 0.49. Enbridge has a 52 week low of C$45.76 and a 52 week high of C$59.09. The stock has a market capitalization of C$113.76 billion and a price-to-earnings ratio of 19.57. The stock has a fifty day moving average of C$56.68 and a 200-day moving average of C$53.11.

Enbridge (TSE:ENBGet Rating) (NYSE:ENB) last released its quarterly earnings data on Friday, February 11th. The company reported C$0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.78 by C($0.10). The firm had revenue of C$12.47 billion during the quarter, compared to the consensus estimate of C$12.79 billion. As a group, equities analysts forecast that Enbridge will post 3.2399999 EPS for the current year.

About Enbridge (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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Analyst Recommendations for Enbridge (TSE:ENB)

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