Enbridge (ENB) Price Target Cut to C$63.00
Other analysts have also recently issued reports about the company. TD Securities lowered their target price on Enbridge from C$62.00 to C$61.00 and set a buy rating on the stock in a research report on Thursday, December 14th. National Bank Financial lowered their target price on Enbridge from C$63.00 to C$60.00 and set an outperform rating on the stock in a research report on Thursday, November 30th. Canaccord Genuity lowered their target price on Enbridge from C$59.00 to C$54.00 in a research report on Thursday, November 30th. Scotiabank lowered their target price on Enbridge from C$61.00 to C$60.00 and set an outperform rating on the stock in a research report on Thursday, November 30th. Finally, CIBC lowered their target price on Enbridge from C$67.00 to C$63.00 in a research report on Friday, December 1st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Enbridge has an average rating of Buy and an average target price of C$60.16.
Shares of Enbridge (TSE:ENB) opened at C$42.79 on Tuesday. The firm has a market capitalization of $72,190.00, a P/E ratio of 21.83 and a beta of 0.18. Enbridge has a 1 year low of C$42.00 and a 1 year high of C$57.75.
In other Enbridge news, insider Laszlo Varsanyi sold 2,700 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of C$23.85, for a total transaction of C$64,395.00. Also, insider Vernon Dai-Chung Yu sold 9,700 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of C$50.20, for a total value of C$486,940.00. Over the last 90 days, insiders sold 16,419 shares of company stock worth $752,365.
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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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