Enbridge (TSE:ENB) Price Target Raised to C$64.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price target boosted by Barclays from C$59.00 to C$64.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Barclays‘s target price suggests a potential upside of 3.58% from the stock’s current price.

ENB has been the topic of a number of other research reports. Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$55.00 to C$58.00 in a report on Monday, September 30th. Royal Bank of Canada upped their target price on shares of Enbridge from C$59.00 to C$63.00 in a research report on Wednesday, December 4th. CIBC raised their price objective on shares of Enbridge from C$61.00 to C$63.00 in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on shares of Enbridge from C$57.00 to C$60.00 in a report on Thursday, December 5th. Finally, Raymond James lifted their price target on Enbridge from C$59.00 to C$63.00 in a research note on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$61.08.

Enbridge Stock Performance

Shares of ENB stock traded down C$0.46 during trading on Monday, reaching C$61.79. The company had a trading volume of 1,258,728 shares, compared to its average volume of 3,989,508. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. Enbridge has a one year low of C$45.05 and a one year high of C$62.75. The firm’s 50 day simple moving average is C$59.52 and its two-hundred day simple moving average is C$55.13. The company has a market capitalization of C$134.70 billion, a PE ratio of 23.77, a PEG ratio of 1.72 and a beta of 0.90.

Insider Buying and Selling

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total value of C$66,293.64. 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.