Enbridge (TSE:ENB) Stock Price Expected to Rise, Barclays Analyst Says

Enbridge (TSE:ENB) (NYSE:ENB) had its price target hoisted by analysts at Barclays from C$59.00 to C$64.00 in a note issued to investors on Monday,BayStreet.CA reports. Barclays‘s price objective points to a potential upside of 3.58% from the stock’s current price.

A number of other brokerages also recently issued reports on ENB. JPMorgan Chase & Co. raised their price target on shares of Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Scotiabank boosted their price target on Enbridge from C$57.00 to C$61.00 in a report on Wednesday, December 4th. Royal Bank of Canada increased their target price on shares of Enbridge from C$59.00 to C$63.00 in a report on Wednesday, December 4th. BMO Capital Markets upped their price target on shares of Enbridge from C$59.00 to C$60.00 in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company increased their price objective on shares of Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$61.08.

Enbridge Trading Down 0.7 %

TSE:ENB traded down C$0.46 during midday trading on Monday, reaching C$61.79. 1,258,728 shares of the stock traded hands, compared to its average volume of 3,989,508. The stock has a market capitalization of C$134.70 billion, a P/E ratio of 23.77, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a 12 month low of C$45.05 and a 12 month high of C$62.75. 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 company has a fifty day moving average of C$59.52 and a 200 day moving average of C$55.13.

Insiders Place Their Bets

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the 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. Corporate 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.