Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) received a C$64.00 price target from equities research analysts at Morgan Stanley in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 12.56% from the stock’s previous close.
ENB has been the subject of a number of other research reports. CIBC raised their price objective on Enbridge from C$57.00 to C$59.00 in a research report on Monday, July 15th. Royal Bank of Canada raised their target price on Enbridge from C$55.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Raymond James boosted their price target on shares of Enbridge from C$54.00 to C$59.00 in a report on Tuesday. National Bankshares raised their price objective on shares of Enbridge from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Finally, Jefferies Financial Group cut shares of Enbridge from a “buy” rating to a “hold” rating and upped their target price for the company from C$55.00 to C$58.00 in a research note on Monday, September 30th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$56.31.
Get Our Latest Stock Report on ENB
Enbridge Stock Performance
Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) last posted its quarterly earnings results on Friday, August 2nd. The company reported C$0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.62 by C($0.04). Enbridge had a return on equity of 8.57% and a net margin of 13.54%. The company had revenue of C$11.34 billion during the quarter, compared to analyst estimates of C$5.86 billion. As a group, sell-side analysts anticipate that Enbridge will post 3.511912 EPS for the current year.
Insider Transactions at Enbridge
In related news, Director Steven Walter Williams bought 18,600 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of C$53.74 per share, with a total value of C$999,564.00. In other news, Director Steven Walter Williams bought 18,600 shares of the stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of C$53.74 per share, with a total value of C$999,564.00. Also, Senior Officer Maximilian Chan sold 688 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total value of C$37,977.60. Company insiders own 0.10% of the company’s stock.
About Enbridge
Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
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