ENB has been the subject of several other research reports. TD Securities increased their price target on Enbridge from C$61.00 to C$62.00 in a report on Monday. BMO Capital Markets increased their price objective on Enbridge from C$57.00 to C$59.00 in a research report on Monday, February 14th. Morgan Stanley increased their price objective on Enbridge from C$60.00 to C$67.00 in a research report on Tuesday, April 26th. CIBC raised their price target on Enbridge from C$57.00 to C$58.00 in a research report on Monday, February 14th. Finally, Royal Bank of Canada raised their price target on Enbridge from C$60.00 to C$65.00 in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $55.43.
Shares of Enbridge stock traded down $1.93 during mid-day trading on Monday, reaching $43.50. 341,859 shares of the stock traded hands, compared to its average volume of 4,754,058. The business has a 50-day moving average of $45.19 and a 200 day moving average of $42.15. Enbridge has a fifty-two week low of $36.21 and a fifty-two week high of $47.42. The stock has a market capitalization of $88.14 billion, a PE ratio of 19.04, a PEG ratio of 3.18 and a beta of 0.77. The company has a quick ratio of 0.40, a current ratio of 0.49 and a debt-to-equity ratio of 1.22.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Consolidated Planning Corp purchased a new stake in Enbridge in the 3rd quarter valued at approximately $25,000. Financial Management Professionals Inc. lifted its stake in shares of Enbridge by 605.2% during the 1st quarter. Financial Management Professionals Inc. now owns 543 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 466 shares during the period. First Command Bank lifted its stake in shares of Enbridge by 96.4% during the 1st quarter. First Command Bank now owns 601 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 295 shares during the period. Rosenberg Matthew Hamilton purchased a new position in shares of Enbridge during the 4th quarter worth $30,000. Finally, First Command Financial Services Inc. raised its position in shares of Enbridge by 153.3% in the 4th quarter. First Command Financial Services Inc. now owns 775 shares of the pipeline company’s stock worth $30,000 after buying an additional 469 shares during the period. Institutional investors and hedge funds own 53.23% of the company’s stock.
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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