Enbridge (TSE:ENB) Price Target Raised to C$69.00 at JPMorgan Chase & Co.

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from C$66.00 to C$69.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 11.36% from the company’s previous close.

ENB has been the subject of a number of other research reports. National Bankshares lifted their price objective on Enbridge from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Morgan Stanley set a C$64.00 target price on Enbridge and gave the company an “equal weight” rating in a research report on Friday, October 25th. Barclays lifted their price objective on Enbridge from C$54.00 to C$59.00 in a report on Monday, November 11th. Wells Fargo & Company lifted their price objective on Enbridge from C$57.00 to C$60.00 in a report on Thursday. Finally, Scotiabank lifted their price objective on Enbridge from C$57.00 to C$61.00 in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$60.31.

Enbridge Stock Performance

ENB stock traded up C$0.58 during midday trading on Thursday, reaching C$61.96. The stock had a trading volume of 942,885 shares, compared to its average volume of 8,470,181. The stock has a market cap of C$135.07 billion, a PE ratio of 23.83, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The firm has a fifty day simple moving average of C$57.76 and a two-hundred day simple moving average of C$53.42. Enbridge has a 52-week low of C$45.05 and a 52-week high of C$61.96.

Insiders Place Their Bets

In other news, Senior Officer Maximilian Chan sold 688 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total transaction of C$37,977.60. Corporate 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.