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National Bankshares Increases Enbridge (TSE:ENB) Price Target to C$65.00

Enbridge logo with Energy background

Key Points

  • National Bankshares has raised the price target for Enbridge's stock from C$64.00 to C$65.00, indicating a potential upside of 1.03% from its current price.
  • The consensus rating for Enbridge remains a "Moderate Buy" with a target price of C$67.07, supported by multiple analysts including BMO Capital Markets and Jefferies Financial Group.
  • Enbridge's stock is currently trading at C$64.34, with a market capitalization of C$139.44 billion and a price-to-earnings ratio of 20.91.
  • Want stock alerts on Enbridge? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB had its target price raised by investment analysts at National Bankshares from C$64.00 to C$65.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' target price points to a potential upside of 1.03% from the company's current price.

Other equities research analysts have also issued reports about the company. BMO Capital Markets increased their price target on Enbridge from C$60.00 to C$63.00 in a research report on Monday, May 12th. Raymond James Financial raised Enbridge to a "moderate buy" rating in a research note on Wednesday, April 23rd. Echelon Wealth Partners increased their target price on Enbridge from C$67.00 to C$74.00 in a report on Wednesday, April 23rd. ATB Capital raised their price objective on Enbridge from C$66.00 to C$67.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Jefferies Financial Group upgraded Enbridge from a "hold" rating to a "buy" rating and lifted their price target for the stock from C$65.00 to C$72.00 in a report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Enbridge has a consensus rating of "Moderate Buy" and a consensus target price of C$67.07.

View Our Latest Research Report on ENB

Enbridge Stock Performance

Shares of TSE ENB traded up C$0.61 during trading hours on Tuesday, hitting C$64.34. 4,189,351 shares of the company's stock were exchanged, compared to its average volume of 8,438,786. The company's 50-day moving average price is C$62.18 and its 200-day moving average price is C$62.38. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44. The stock has a market capitalization of C$139.44 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a 1-year low of C$51.21 and a 1-year high of C$65.62.

Insider Transactions at Enbridge

In related news, Senior Officer Maximilian Chan sold 801 shares of Enbridge stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$63.17, for a total value of C$50,599.17. 0.10% of the stock is owned by company insiders.

Enbridge Company Profile

(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.

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Analyst Recommendations for Enbridge (TSE:ENB)

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.

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