Enbridge (TSE:ENB) Price Target Raised to C$57.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price target increased by investment analysts at National Bankshares from C$53.00 to C$57.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 6.40% from the stock’s current price.

A number of other brokerages also recently commented on ENB. Wells Fargo & Company raised their target price on shares of Enbridge from C$45.00 to C$48.00 in a research note on Tuesday, June 4th. Jefferies Financial Group upped their price target on Enbridge from C$53.00 to C$55.00 in a report on Monday, May 13th. Scotiabank lowered shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 14th. JPMorgan Chase & Co. boosted their target price on shares of Enbridge from C$56.00 to C$57.00 in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus lowered their price target on shares of Enbridge from C$52.00 to C$51.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$53.67.

Enbridge Trading Up 0.8 %

TSE:ENB traded up C$0.42 during trading hours on Friday, reaching C$53.57. 1,601,434 shares of the company were exchanged, compared to its average volume of 8,252,674. The stock has a 50 day simple moving average of C$50.38 and a 200 day simple moving average of C$49.06. Enbridge has a 52-week low of C$42.75 and a 52-week high of C$54.49. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. The firm has a market cap of C$116.78 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 0.75 and a beta of 0.91.

Insider Buying and Selling

In other news, Director Steven Walter Williams bought 18,600 shares of Enbridge stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of C$53.74 per share, with a total value of C$999,564.00. 0.10% of the stock is owned by company 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.