Enbridge Inc (ENB) Receives Average Recommendation of “Buy” from Brokerages
Shares of Enbridge Inc (TSE:ENB) (NYSE:ENB) have been assigned an average rating of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$53.75.
A number of equities research analysts have weighed in on ENB shares. BMO Capital Markets raised their price target on Enbridge from C$59.00 to C$60.00 in a research report on Tuesday, September 11th. Citigroup raised their price target on Enbridge from C$44.00 to C$47.00 and gave the company a “neutral” rating in a research report on Monday, September 24th. Royal Bank of Canada raised their price target on Enbridge from C$54.00 to C$59.00 and gave the company an “outperform” rating in a research report on Tuesday, August 7th. UBS Group restated a “buy” rating and set a C$50.00 price target on shares of Enbridge in a research report on Thursday, October 4th. Finally, GMP Securities raised their price target on Enbridge from C$55.00 to C$57.00 in a research report on Thursday, July 5th.
Shares of ENB stock traded up C$0.17 on Friday, reaching C$40.96. The company’s stock had a trading volume of 4,836,700 shares, compared to its average volume of 3,335,020. Enbridge has a 12-month low of C$37.36 and a 12-month high of C$51.04.
In other Enbridge news, insider Bradley Francis Shamla sold 2,895 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of C$47.05, for a total transaction of C$136,209.75.
Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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