CIBC Issues Positive Forecast for Enbridge (TSE:ENB) Stock Price

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective increased by investment analysts at CIBC from C$63.00 to C$66.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 4.80% from the stock’s current price.

A number of other analysts have also commented on ENB. Scotiabank boosted their price target on Enbridge from C$57.00 to C$61.00 in a report on Wednesday, December 4th. Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$55.00 to C$58.00 in a report on Monday, September 30th. Raymond James increased their target price on shares of Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. Barclays boosted their target price on Enbridge from C$59.00 to C$64.00 in a report on Monday. Finally, Royal Bank of Canada raised their target price on shares of Enbridge from C$59.00 to C$63.00 in a research note on Wednesday, December 4th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$61.33.

Enbridge Trading Down 0.5 %

TSE ENB traded down C$0.32 during trading hours on Thursday, hitting C$62.98. The company’s stock had a trading volume of 435,967 shares, compared to its average volume of 4,787,973. The stock has a fifty day moving average of C$59.87 and a 200 day moving average of C$55.33. The firm has a market capitalization of C$137.30 billion, a P/E ratio of 24.22, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a twelve month low of C$45.05 and a twelve month high of C$63.40. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26.

Insider Transactions at Enbridge

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total transaction of C$66,293.64. 0.10% of the stock is currently owned by insiders.

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.