Enbridge (TSE:ENB) Price Target Raised to C$63.00 at BMO Capital Markets

Enbridge (TSE:ENB) (NYSE:ENB) had its price target lifted by equities research analysts at BMO Capital Markets from C$60.00 to C$63.00 in a research note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 2.12% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Citigroup set a C$75.00 target price on shares of Enbridge and gave the company a “buy” rating in a research report on Friday, April 4th. CIBC upped their target price on shares of Enbridge from C$66.00 to C$67.00 in a research report on Wednesday, March 5th. Scotiabank upped their target price on shares of Enbridge from C$61.00 to C$65.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Raymond James raised shares of Enbridge to a “moderate buy” rating in a research report on Wednesday, April 23rd. Finally, TD Securities upped their target price on shares of Enbridge from C$66.00 to C$67.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Enbridge presently has a consensus rating of “Hold” and a consensus target price of C$66.00.

Enbridge Trading Down 4.1%

Shares of ENB stock traded down C$2.61 on Monday, hitting C$61.69. 7,720,441 shares of the stock traded hands, compared to its average volume of 8,895,502. The firm’s 50-day moving average price is C$62.40 and its two-hundred day moving average price is C$61.36. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The stock has a market capitalization of C$133.70 billion, a PE ratio of 20.05, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a twelve month low of C$47.41 and a twelve month high of C$65.62.

Insider Activity at Enbridge

In related news, Senior Officer Michele Eva Harradence purchased 5,857 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were bought at an average cost of C$62.53 per share, for a total transaction of C$366,238.21. Also, Senior Officer Matthew Allan Akman purchased 1,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was bought at an average price of C$61.24 per share, for a total transaction of C$61,240.00. 0.10% of the stock is owned by corporate insiders.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.