Canaccord Genuity Trims Enbridge (ENB) Target Price to C$54.00
Several other equities research analysts also recently commented on ENB. BMO Capital Markets reduced their target price on shares of Enbridge from C$70.00 to C$66.00 and set an outperform rating on the stock in a research note on Thursday. TD Securities boosted their target price on shares of Enbridge from C$62.00 to C$64.00 and gave the company a buy rating in a research note on Tuesday, August 8th. National Bank Financial reduced their target price on shares of Enbridge from C$67.00 to C$63.00 and set an outperform rating on the stock in a research note on Friday, November 3rd. CIBC reduced their target price on shares of Enbridge from C$69.00 to C$67.00 in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada cut their price target on Enbridge from C$64.00 to C$63.00 and set an outperform rating for the company in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of C$61.03.
Shares of Enbridge (ENB) opened at C$48.63 on Thursday. Enbridge has a 52 week low of C$43.91 and a 52 week high of C$58.28.
In other news, Director Wanda Marie Opheim sold 28,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of C$51.00, for a total value of C$1,428,000.00. Also, insider Laszlo Varsanyi sold 2,700 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of C$23.85, for a total value of C$64,395.00. Over the last three months, insiders have acquired 10,156 shares of company stock valued at $499,357 and have sold 103,999 shares valued at $4,958,443.
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Enbridge Company Profile
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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