Enbridge (TSE:ENB) Lifted to “Buy” at Jefferies Financial Group
Jefferies Financial Group upgraded shares of Enbridge (TSE:ENB) (NYSE:ENB) from a hold rating to a buy rating in a research report report published on Tuesday, BayStreet.CA reports.
Several other research firms also recently commented on ENB. TD Securities lifted their price target on shares of Enbridge from C$58.00 to C$60.00 and gave the stock a buy rating in a research note on Tuesday, February 18th. Tudor Pickering & Holt set a C$53.00 price target on shares of Enbridge and gave the stock a buy rating in a research note on Monday, March 16th. UBS Group raised shares of Enbridge from a neutral rating to a buy rating and lifted their price target for the stock from C$50.00 to C$54.00 in a research note on Monday, November 25th. US Capital Advisors raised shares of Enbridge from a hold rating to a buy rating in a research note on Friday, March 13th. Finally, Barclays lifted their price target on shares of Enbridge from C$51.00 to C$55.00 in a research note on Tuesday, January 14th. Eight equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of C$55.13.
Shares of ENB opened at C$41.94 on Tuesday. The firm’s 50 day simple moving average is C$48.97 and its 200 day simple moving average is C$49.53. The company has a market capitalization of $75.03 billion and a P/E ratio of 15.95. The company has a debt-to-equity ratio of 94.99, a current ratio of 0.55 and a quick ratio of 0.45. Enbridge has a 1-year low of C$33.06 and a 1-year high of C$57.32.
Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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