Enbridge (TSE:ENB) Price Target Raised to C$63.00

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB had its price target lifted by research analysts at BMO Capital Markets from C$60.00 to C$63.00 in a note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets' target price suggests a potential upside of 2.12% from the stock's previous close.

Several other analysts also recently weighed in on the stock. CIBC boosted their price target on shares of Enbridge from C$66.00 to C$67.00 in a research note on Wednesday, March 5th. Raymond James raised shares of Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Jefferies Financial Group boosted their price target on shares of Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. TD Securities upped their target price on shares of Enbridge from C$66.00 to C$67.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Echelon Wealth Partners upped their target price on shares of Enbridge from C$67.00 to C$74.00 in a research note on Wednesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of C$66.00.

Enbridge Stock Down 4.1%

Shares of ENB traded down C$2.61 on Monday, reaching C$61.69. The company's stock had a trading volume of 7,720,441 shares, compared to its average volume of 8,895,502. The firm has a fifty day moving average of C$62.40 and a 200-day moving average of C$61.36. The stock has a market capitalization of C$133.70 billion, a PE ratio of 20.05, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a twelve month low of C$47.41 and a twelve month high of C$65.62. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86.

Insider Activity at Enbridge

In other Enbridge news, Senior Officer Matthew Allan Akman purchased 1,000 shares of Enbridge stock in a transaction dated Friday, March 14th. The stock was acquired at an average price of C$61.24 per share, for a total transaction of C$61,240.00. Also, Senior Officer Michele Eva Harradence purchased 5,857 shares of Enbridge stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average price of C$62.53 per share, with a total value of C$366,238.21. 0.10% of the stock is currently owned by company insiders.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company.

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