Enbridge (ENB) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Enbridge (TSE:ENB) (NYSE:ENB) in a research report sent to investors on Wednesday. The firm currently has a C$66.00 price target on the stock.

Several other analysts have also commented on ENB. National Bank Financial lowered their price objective on shares of Enbridge from C$63.00 to C$60.00 and set an outperform rating for the company in a report on Thursday, November 30th. Scotiabank lowered their price objective on shares of Enbridge from C$61.00 to C$60.00 and set an outperform rating for the company in a report on Thursday, November 30th. Canaccord Genuity lowered their price objective on shares of Enbridge from C$59.00 to C$54.00 in a report on Thursday, November 30th. CIBC lowered their price objective on shares of Enbridge from C$67.00 to C$63.00 in a report on Friday, December 1st. Finally, Royal Bank of Canada lowered their price objective on shares of Enbridge from C$64.00 to C$63.00 and set an outperform rating for the company in a report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and an average price target of C$60.47.

Shares of Enbridge (TSE:ENB) opened at C$49.89 on Wednesday. Enbridge has a 1-year low of C$43.91 and a 1-year high of C$58.28.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.671 per share. This represents a $2.68 annualized dividend and a dividend yield of 5.38%. This is a positive change from Enbridge’s previous quarterly dividend of $0.61. The ex-dividend date is Wednesday, February 14th. Enbridge’s dividend payout ratio (DPR) is presently 119.03%.

In other news, insider Vernon Dai-Chung Yu sold 13,179 shares of Enbridge stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of C$52.07, for a total transaction of C$686,230.53. Also, insider Bradley Francis Shamla sold 3,019 shares of Enbridge stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of C$50.00, for a total transaction of C$150,950.00. Insiders have sold 107,918 shares of company stock valued at $5,154,447 over the last quarter.

ILLEGAL ACTIVITY NOTICE: “Enbridge (ENB) Stock Rating Reaffirmed by BMO Capital Markets” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/12/17/enbridge-enb-stock-rating-reaffirmed-by-bmo-capital-markets.html.

About Enbridge

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

Analyst Recommendations for Enbridge (TSE:ENB)

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply