Other equities research analysts also recently issued reports about the company. CIBC cut their price target on Enbridge from C$63.00 to C$60.00 in a research note on Friday. BMO Capital Markets cut their price target on Enbridge from C$63.00 to C$61.00 in a research note on Friday. Canaccord Genuity cut their price target on Enbridge from C$54.00 to C$52.00 in a research note on Wednesday, February 14th. TD Securities cut their price target on Enbridge from C$62.00 to C$61.00 and set a buy rating for the company in a research note on Thursday, December 14th. Finally, National Bank Financial cut their price target on Enbridge from C$63.00 to C$60.00 and set an outperform rating for the company in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of C$58.41.
Shares of Enbridge stock opened at C$41.28 on Friday. The stock has a market capitalization of $69,600.00, a PE ratio of 24.43 and a beta of 0.26. Enbridge has a 52 week low of C$40.00 and a 52 week high of C$57.75.
In related news, insider Robert Ross Rooney acquired 6,100 shares of the stock in a transaction dated Thursday, March 15th. The shares were purchased at an average cost of C$40.80 per share, with a total value of C$248,880.00. Over the last ninety days, insiders have bought 7,100 shares of company stock worth $290,630.
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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