Enbridge (TSE:ENB) Stock Price Expected to Rise, National Bankshares Analyst Says

Enbridge (TSE:ENB) (NYSE:ENB) had its target price upped by investment analysts at National Bankshares from C$64.00 to C$65.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 0.59% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group raised Enbridge from a “hold” rating to a “buy” rating and increased their target price for the stock from C$65.00 to C$72.00 in a research note on Wednesday, July 23rd. Raymond James Financial upgraded shares of Enbridge to a “moderate buy” rating in a research note on Wednesday, April 23rd. BMO Capital Markets raised their price objective on shares of Enbridge from C$60.00 to C$63.00 in a research note on Monday, May 12th. Echelon Wealth Partners lifted their target price on shares of Enbridge from C$67.00 to C$74.00 in a report on Wednesday, April 23rd. Finally, ATB Capital upped their target price on shares of Enbridge from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$67.07.

Enbridge Stock Performance

Enbridge stock opened at C$64.62 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The company has a market capitalization of C$140.05 billion, a P/E ratio of 21.01, a PEG ratio of 1.72 and a beta of 0.90. The stock’s 50 day moving average is C$62.22 and its 200 day moving average is C$62.41. Enbridge has a twelve month low of C$52.51 and a twelve month high of C$65.62.

Insider Buying and Selling at Enbridge

In other news, Senior Officer Maximilian Chan sold 801 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of C$63.17, for a total value of C$50,599.17. 0.10% of the stock is owned by insiders.

About Enbridge

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.