Raymond James Raises Enbridge (TSE:ENB) Price Target to C$63.00

Enbridge (TSE:ENB) (NYSE:ENB) had its target price raised by equities researchers at Raymond James from C$59.00 to C$63.00 in a research report issued on Tuesday,BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 4.76% from the company’s previous close.

A number of other brokerages also recently weighed in on ENB. Wells Fargo & Company raised shares of Enbridge from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 6th. Morgan Stanley set a C$64.00 target price on shares of Enbridge and gave the company an “equal weight” rating in a research note on Friday, October 25th. CIBC increased their target price on shares of Enbridge from C$59.00 to C$67.00 in a research report on Monday, November 4th. Barclays lifted their price target on shares of Enbridge from C$54.00 to C$59.00 in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on Enbridge from C$60.00 to C$66.00 in a report on Thursday, November 21st. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$58.31.

Enbridge Stock Performance

Shares of Enbridge stock opened at C$60.14 on Tuesday. The business’s fifty day simple moving average is C$57.20 and its 200 day simple moving average is C$53.08. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 131.26. Enbridge has a 12 month low of C$45.05 and a 12 month high of C$61.09. The firm has a market capitalization of C$131.11 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90.

Insider Buying and Selling at Enbridge

In other news, Senior Officer Maximilian Chan sold 688 shares of the business’s 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. 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.