Enbridge Inc (TSE:ENB) (NYSE:ENB) had its price target upped by analysts at TD Securities from C$62.00 to C$64.00 in a research note issued to investors on Tuesday, August 8th. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 28.98% from the company’s current price.
Other analysts have also recently issued research reports about the stock. GMP Securities lowered their price objective on shares of Enbridge from C$64.00 to C$61.25 in a research report on Friday, June 16th. Royal Bank Of Canada cut their price target on shares of Enbridge from C$67.00 to C$64.00 and set an “outperform” rating on the stock in a report on Monday, June 12th. Finally, Scotiabank reaffirmed an “outperform” rating and set a C$62.00 target price on shares of Enbridge in a research note on Monday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Enbridge currently has an average rating of “Buy” and an average price target of C$63.94.
Shares of Enbridge (TSE ENB) opened at 49.62 on Tuesday. The company has a market cap of $81.67 billion and a PE ratio of 32.03. Enbridge has a 52 week low of $49.20 and a 52 week high of $59.19. The company has a 50 day moving average of $51.42 and a 200 day moving average of $53.90.
In other Enbridge news, insider Laszlo Varsanyi bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was bought at an average cost of C$51.75 per share, for a total transaction of C$51,750.00. Also, Director Albert Monaco bought 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were acquired at an average price of C$51.11 per share, with a total value of C$1,022,200.00. Insiders have sold 28,887 shares of company stock valued at $1,227,482 over the last 90 days.
Enbridge Inc engages in energy transportation activities in the United States and Canada. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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