Enbridge (TSE:ENB) Price Target Raised to C$67.00 at TD Securities

Enbridge (TSE:ENB) (NYSE:ENB) had its price target raised by equities research analysts at TD Securities from C$66.00 to C$67.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 9.48% from the company’s current price.

ENB has been the subject of several other research reports. Jefferies Financial Group raised their price objective on shares of Enbridge from C$59.00 to C$65.00 in a research note on Thursday, January 30th. CIBC lifted their price target on shares of Enbridge from C$63.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Scotiabank lifted their price target on shares of Enbridge from C$61.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Royal Bank of Canada lifted their price objective on shares of Enbridge from C$63.00 to C$67.00 in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$63.23.

Enbridge Trading Up 0.2 %

TSE ENB traded up C$0.12 during trading on Tuesday, hitting C$61.20. The stock had a trading volume of 7,432,326 shares, compared to its average volume of 9,301,427. 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$132.63 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 1.72 and a beta of 0.90. Enbridge has a one year low of C$45.39 and a one year high of C$65.62. The stock has a 50 day simple moving average of C$62.18 and a 200 day simple moving average of C$58.25.

Insider Activity at Enbridge

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the 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 corporate 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.