Jefferies Financial Group Issues Positive Forecast for Enbridge (TSE:ENB) Stock Price

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective boosted by research analysts at Jefferies Financial Group from C$59.00 to C$65.00 in a research note issued on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price target suggests a potential upside of 1.50% from the stock’s current price.

Several other equities research analysts also recently commented on ENB. TD Securities set a C$66.00 price target on shares of Enbridge and gave the company a “buy” rating in a research report on Wednesday, January 15th. Raymond James raised their price target on shares of Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price objective on shares of Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. Barclays increased their target price on shares of Enbridge from C$59.00 to C$64.00 in a research report on Monday, January 6th. Finally, Scotiabank upped their price objective on Enbridge from C$57.00 to C$61.00 in a report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$62.23.

Enbridge Stock Up 0.3 %

TSE ENB traded up C$0.18 on Thursday, reaching C$64.04. The company had a trading volume of 474,575 shares, compared to its average volume of 6,250,603. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. Enbridge has a 1 year low of C$45.05 and a 1 year high of C$65.62. The firm has a 50-day moving average of C$61.50 and a 200-day moving average of C$56.96. The firm has a market capitalization of C$139.61 billion, a PE ratio of 24.63, a P/E/G ratio of 1.72 and a beta of 0.90.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings results on Friday, November 1st. The company reported C$0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.01). Enbridge had a net margin of 13.54% and a return on equity of 8.57%. During the same quarter last year, the company posted $0.62 EPS. On average, equities research analysts anticipate that Enbridge will post 3.511912 EPS for the current fiscal year.

Insider Buying and Selling at Enbridge

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total transaction of C$66,293.64. 0.10% of the stock is owned by company insiders.

Enbridge Company Profile

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.