Enbridge Inc (ENB) Receives Average Recommendation of “Buy” from Brokerages
Shares of Enbridge Inc (TSE:ENB) have been assigned a consensus recommendation of “Buy” from the fifteen analysts that are covering the firm. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$60.64.
A number of research analysts recently commented on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Enbridge in a research report on Friday, September 2nd. National Bank Financial upgraded Enbridge from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$61.00 to C$63.00 in a research report on Wednesday, September 7th. TD Securities lifted their target price on Enbridge from C$59.00 to C$62.00 and gave the company a “buy” rating in a research report on Wednesday, September 7th. Canaccord Genuity lifted their target price on Enbridge from C$57.00 to C$60.00 and gave the company a “buy” rating in a research report on Wednesday, September 7th. Finally, CIBC lifted their target price on Enbridge from C$63.00 to C$71.00 in a research report on Wednesday, September 7th.
Shares of Enbridge (TSE:ENB) opened at 57.10 on Thursday. The company has a market capitalization of $53.34 billion and a PE ratio of 39.38. The stock has a 50 day moving average price of $55.98 and a 200-day moving average price of $53.61. Enbridge has a 52 week low of $40.03 and a 52 week high of $59.19.
Enbridge Company Profile
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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