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

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective increased by Raymond James from C$65.00 to C$67.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 9.48% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. TD Securities set a C$66.00 target price on shares of Enbridge and gave the stock a “buy” rating in a report on Wednesday, January 15th. Barclays lifted their price target on shares of Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. CIBC lifted their target price on shares of Enbridge from C$63.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Scotiabank lifted their target price on shares of Enbridge from C$61.00 to C$65.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company lifted their price target on shares of Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$63.23.

Enbridge Stock Up 0.2 %

Shares of Enbridge stock traded up C$0.12 during trading hours on Tuesday, reaching C$61.20. 7,432,326 shares of the company’s stock were exchanged, compared to its average volume of 9,301,427. The company has a 50 day moving average of C$62.18 and a two-hundred day moving average of C$58.25. Enbridge has a fifty-two week low of C$45.39 and a fifty-two week high of C$65.62. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The stock has a market cap of C$132.63 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.72 and a beta of 0.90.

Insider Activity

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