Enbridge (TSE:ENB) Given New C$63.00 Price Target at Raymond James

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective raised by stock analysts at Raymond James from C$59.00 to C$63.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 4.76% from the stock’s previous close.

A number of other research analysts have also recently commented on ENB. National Bankshares increased their target price on Enbridge from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. upped their price objective on Enbridge from C$60.00 to C$66.00 in a report on Thursday, November 21st. Morgan Stanley set a C$64.00 price objective on Enbridge and gave the company an “equal weight” rating in a report on Friday, October 25th. Royal Bank of Canada boosted their target price on Enbridge from C$55.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Jefferies Financial Group cut shares of Enbridge from a “buy” rating to a “hold” rating and increased their price target for the company from C$55.00 to C$58.00 in a research report on Monday, September 30th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$58.31.

Enbridge Price Performance

ENB stock opened at C$60.14 on Tuesday. The firm has a 50 day simple moving average of C$57.20 and a two-hundred day simple moving average of C$53.08. The stock has a market cap of C$131.11 billion, a PE ratio of 23.13, a P/E/G ratio of 1.72 and a beta of 0.90. Enbridge has a one year low of C$45.05 and a one year high of C$61.09. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44.

Insiders Place Their Bets

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. Company insiders own 0.10% of the company’s stock.

About Enbridge

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.