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Enbridge (TSE:ENB) Given New C$65.00 Price Target at National Bankshares

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 boosted by research analysts at National Bankshares from C$64.00 to C$65.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bankshares' target price would suggest a potential upside of 0.48% from the stock's current price.

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

View Our Latest Research Report on Enbridge

Enbridge Stock Performance

Shares of ENB traded down C$0.07 during midday trading on Tuesday, hitting C$64.69. 15,145,466 shares of the stock traded hands, compared to its average volume of 8,558,505. Enbridge has a 1-year low of C$52.76 and a 1-year high of C$65.62. The firm has a market capitalization of C$140.20 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The business's 50 day moving average price is C$62.28 and its two-hundred day moving average price is C$62.40.

Insider Buying and Selling

In other Enbridge news, Senior Officer Maximilian Chan sold 801 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of C$63.17, for a total value of C$50,599.17. Company insiders own 0.10% of the company's stock.

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

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