Enbridge (TSE:ENB) (NYSE:ENB) had its price objective decreased by research analysts at BMO Capital Markets from C$63.00 to C$61.00 in a research note issued on Friday. BMO Capital Markets’ target price points to a potential upside of 46.95% from the company’s current price.
ENB has been the subject of several other reports. Canaccord Genuity decreased their price objective on Enbridge from C$59.00 to C$54.00 in a report on Thursday, November 30th. TD Securities decreased their price objective on Enbridge from C$62.00 to C$61.00 and set a “buy” rating for the company in a report on Thursday, December 14th. Scotiabank decreased their price objective on Enbridge from C$60.00 to C$59.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. National Bank Financial decreased their price objective on Enbridge from C$63.00 to C$60.00 and set an “outperform” rating for the company in a report on Thursday, November 30th. Finally, CIBC decreased their price objective on Enbridge from C$67.00 to C$63.00 in a report on Friday, December 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$58.41.
Enbridge (TSE:ENB) traded up C$0.45 during mid-day trading on Friday, hitting C$41.51. The stock had a trading volume of 8,914,822 shares, compared to its average volume of 3,355,357. The firm has a market capitalization of $69,600.00, a P/E ratio of 24.56 and a beta of 0.26. Enbridge has a 1-year low of C$40.00 and a 1-year high of C$57.75.
In other news, insider Vernon Dai-Chung Yu sold 9,700 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of C$50.20, for a total transaction of C$486,940.00. Insiders have sold 10,300 shares of company stock valued at $508,971 in the last 90 days.
Enbridge Company Profile
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.
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