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

Enbridge (TSE:ENB) (NYSE:ENB) had its target price lifted by stock analysts at CIBC from C$59.00 to C$67.00 in a research report issued on Monday, BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 17.96% from the stock’s current price.

ENB has been the topic of several other reports. National Bankshares lifted their target price on Enbridge from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Morgan Stanley set a C$64.00 price objective on Enbridge and gave the stock an “equal weight” rating in a report on Friday, October 25th. Royal Bank of Canada upped their target price on shares of Enbridge from C$55.00 to C$59.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Raymond James lifted their price target on shares of Enbridge from C$54.00 to C$59.00 in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Enbridge from C$57.00 to C$60.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$56.92.

Enbridge Stock Performance

Shares of Enbridge stock opened at C$56.80 on Monday. Enbridge has a 1 year low of C$45.05 and a 1 year high of C$58.28. The firm’s 50-day moving average is C$55.62 and its 200 day moving average is C$52.00. The stock has a market cap of C$123.82 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44.

Insiders Place Their Bets

In other news, Senior Officer Maximilian Chan sold 688 shares of Enbridge stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total transaction of C$37,977.60. In related news, Senior Officer Maximilian Chan sold 688 shares of Enbridge stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total transaction of C$37,977.60. Also, Director Steven Walter Williams purchased 18,600 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of C$53.74 per share, for a total transaction of C$999,564.00. Company 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.