Enbridge (TSE:ENB) Price Target Raised to C$67.00 at CIBC

Enbridge (TSE:ENB) (NYSE:ENB) had its target price hoisted by investment analysts at CIBC from C$66.00 to C$67.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 9.87% from the company’s previous close.

ENB has been the topic of a number of other research reports. Barclays upped their price target on Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. Jefferies Financial Group raised their price target on Enbridge from C$59.00 to C$65.00 in a research report on Thursday, January 30th. Raymond James boosted their price objective on shares of Enbridge from C$65.00 to C$67.00 in a research report on Tuesday, February 18th. Wells Fargo & Company raised their target price on shares of Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Finally, BMO Capital Markets upped their price target on shares of Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Enbridge has a consensus rating of “Hold” and a consensus price target of C$63.31.

Enbridge Stock Up 1.4 %

TSE ENB traded up C$0.84 during trading hours on Wednesday, hitting C$60.98. 1,747,216 shares of the company were exchanged, compared to its average volume of 9,954,010. The company has a 50 day moving average of C$62.34 and a two-hundred day moving average of C$58.81. The firm has a market cap of C$132.16 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a 52-week low of C$45.39 and a 52-week high of C$65.62. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86.

Insider Activity at Enbridge

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total value of C$66,293.64. Company insiders own 0.10% of the company’s stock.

Enbridge Company Profile

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.