Equities research analysts at StockNews.com initiated coverage on shares of Enbridge (NYSE:ENB – Get Rating) (TSE:ENB) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the pipeline company’s stock.
A number of other equities research analysts have also recently issued reports on ENB. National Bank Financial upped their target price on Enbridge from C$54.00 to C$56.00 in a research report on Friday, January 27th. Credit Suisse Group raised Enbridge from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 29th. Finally, BMO Capital Markets cut Enbridge from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 24th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Enbridge has an average rating of “Hold” and an average target price of $57.50.
Enbridge Stock Up 0.5 %
NYSE ENB traded up $0.20 on Thursday, hitting $37.25. 274,909 shares of the stock were exchanged, compared to its average volume of 3,427,553. The company has a 50-day moving average price of $38.57 and a 200-day moving average price of $39.43. Enbridge has a fifty-two week low of $35.02 and a fifty-two week high of $47.67. The company has a market cap of $75.43 billion, a PE ratio of 41.80, a PEG ratio of 2.79 and a beta of 0.83. The company has a quick ratio of 0.51, a current ratio of 0.59 and a debt-to-equity ratio of 1.23.
Hedge Funds Weigh In On Enbridge
Enbridge, Inc engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines.
- Get a free copy of the StockNews.com research report on Enbridge (ENB)
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