Enbridge (ENB) PT Lowered to C$61.00
Enbridge (TSE:ENB) (NYSE:ENB) had its price objective dropped by stock analysts at TD Securities from C$62.00 to C$61.00 in a research report issued to clients and investors on Thursday. The firm presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 22.27% from the company’s current price.
ENB has been the subject of several other research reports. CIBC cut their target price on Enbridge from C$71.00 to C$69.00 in a research note on Tuesday, October 17th. Royal Bank of Canada cut their target price on Enbridge from C$64.00 to C$63.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Scotiabank cut their target price on Enbridge from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. BMO Capital Markets cut their target price on Enbridge from C$70.00 to C$66.00 and set an “outperform” rating for the company in a research note on Thursday, November 30th. Finally, Canaccord Genuity cut their target price on Enbridge from C$59.00 to C$54.00 in a research note on Thursday, November 30th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$60.47.
Shares of Enbridge (TSE ENB) opened at C$49.89 on Thursday. Enbridge has a one year low of C$43.91 and a one year high of C$58.28.
In other news, Director Wanda Marie Opheim sold 28,000 shares of Enbridge stock in a transaction on Thursday, September 28th. The stock was sold at an average price of C$51.70, for a total value of C$1,447,600.00. Also, Director Michael E.J. Phelps sold 900 shares of Enbridge stock in a transaction on Thursday, December 14th. The shares were sold at an average price of C$50.06, for a total value of C$45,054.00. Insiders sold 107,918 shares of company stock valued at $5,154,447 over the last ninety days.
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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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