Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$63.50 and traded as high as C$69.72. Enbridge shares last traded at C$69.11, with a volume of 2,721,135 shares changing hands.
Analysts Set New Price Targets
A number of research firms recently commented on ENB. Jefferies Financial Group raised Enbridge from a "hold" rating to a "buy" rating and increased their price objective for the company from C$65.00 to C$72.00 in a research note on Wednesday, July 23rd. ATB Capital raised their price target on Enbridge from C$66.00 to C$67.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. Argus raised Enbridge to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, National Bankshares raised their price target on Enbridge from C$64.00 to C$65.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$67.07.
Check Out Our Latest Research Report on ENB
Enbridge Stock Down 0.5%
The firm has a market capitalization of C$150.70 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The firm has a 50 day moving average price of C$65.50 and a two-hundred day moving average price of C$63.50.
Enbridge Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Monday, September 1st were paid a $0.9425 dividend. This represents a $3.77 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, August 15th. Enbridge's payout ratio is currently 130.81%.
About Enbridge
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Enbridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.
While Enbridge currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
