Enbridge (TSE:ENB) Given New C$67.00 Price Target at CIBC

Enbridge (TSE:ENB) (NYSE:ENB) had its price target increased by CIBC from C$66.00 to C$67.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 9.87% from the company’s current price.

ENB has been the subject of a number of other reports. Scotiabank boosted their price objective 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. Raymond James lifted their price objective on Enbridge from C$65.00 to C$67.00 in a research note on Tuesday, February 18th. Wells Fargo & Company increased their target price on Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. TD Securities lifted their price target on Enbridge from C$66.00 to C$67.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. increased their price objective on Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Enbridge currently has an average rating of “Hold” and a consensus target price of C$63.31.

Enbridge Stock Up 1.4 %

Shares of ENB stock traded up C$0.84 on Wednesday, hitting C$60.98. The company’s stock had a trading volume of 1,747,216 shares, compared to its average volume of 9,954,010. The stock has a market capitalization of C$132.16 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 1.72 and a beta of 0.90. Enbridge has a fifty-two week low of C$45.39 and a fifty-two week high of C$65.62. The firm’s fifty day moving average price is C$62.34 and its 200-day moving average price is C$58.81. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44.

Insider Activity at Enbridge

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

About Enbridge

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.