Enbridge Inc (ENB) PT Lowered to C$63.00 at Royal Bank Of Canada
Enbridge Inc (TSE:ENB) (NYSE:ENB) had its price target lowered by Royal Bank Of Canada from C$64.00 to C$63.00 in a research note released on Friday. Royal Bank Of Canada currently has an outperform rating on the stock.
Other equities research analysts have also recently issued reports about the company. CIBC decreased their price target on Enbridge from C$69.00 to C$67.00 in a research note on Friday. TD Securities decreased their price target on Enbridge from C$64.00 to C$62.00 and set a buy rating for the company in a research note on Friday. Finally, Scotiabank decreased their price target on Enbridge from C$62.00 to C$61.00 and set an outperform rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of C$63.66.
Shares of Enbridge (TSE ENB) opened at C$46.80 on Friday. Enbridge has a 12 month low of C$46.61 and a 12 month high of C$58.56.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Tuesday, November 14th.
In other news, Director Albert Monaco acquired 9,356 shares of Enbridge stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of C$50.02 per share, for a total transaction of C$467,987.12. Also, Director Wanda Marie Opheim sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of C$51.00, for a total value of C$1,428,000.00. Over the last 90 days, insiders bought 10,056 shares of company stock valued at $502,753 and sold 101,299 shares valued at $4,894,048.
Enbridge Company Profile
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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