Enbridge Inc (TSE:ENB) has received an average recommendation of “Buy” from the fifteen analysts that are currently covering the stock. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$60.64.
ENB has been the subject of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Enbridge in a research note on Friday, September 2nd. National Bank Financial upgraded Enbridge from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$61.00 to C$63.00 in a research note on Wednesday, September 7th. TD Securities lifted their price target on Enbridge from C$59.00 to C$62.00 and gave the company a “buy” rating in a research note on Wednesday, September 7th. Canaccord Genuity lifted their price target on Enbridge from C$57.00 to C$60.00 and gave the company a “buy” rating in a research note on Wednesday, September 7th. Finally, CIBC lifted their price target on Enbridge from C$63.00 to C$71.00 in a research note on Wednesday, September 7th.
Shares of Enbridge (TSE:ENB) traded down 0.53% during midday trading on Thursday, reaching $56.68. The company’s stock had a trading volume of 441,352 shares. Enbridge has a one year low of $40.03 and a one year high of $59.19. The firm has a market cap of $52.95 billion and a price-to-earnings ratio of 39.09. The stock’s 50 day moving average price is $55.73 and its 200 day moving average price is $53.44.
Enbridge Inc (Enbridge) is an energy transportation and distribution company. The Company operates through five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Company operates the crude oil and liquids transportation system in Canada and the United States.
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