Enbridge (ENB) Price Target Cut to C$59.00 by Analysts at BMO Capital Markets

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective lowered by BMO Capital Markets from C$60.00 to C$59.00 in a research report sent to investors on Monday.

Several other equities research analysts have also recently weighed in on ENB. Royal Bank of Canada increased their target price on shares of Enbridge from C$54.00 to C$59.00 and gave the company an outperform rating in a research note on Tuesday, August 7th. Citigroup increased their target price on shares of Enbridge from C$44.00 to C$47.00 and gave the company a neutral rating in a research note on Monday, September 24th. UBS Group reiterated a buy rating and issued a C$50.00 target price on shares of Enbridge in a research note on Thursday, October 4th. CIBC reduced their target price on shares of Enbridge from C$57.00 to C$55.00 in a research note on Wednesday, October 24th. Finally, TD Securities increased their target price on shares of Enbridge from C$54.00 to C$56.00 in a research note on Monday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of C$54.00.

TSE ENB opened at C$43.32 on Monday. Enbridge has a twelve month low of C$37.36 and a twelve month high of C$51.04.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.671 per share. This represents a $2.68 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date of this dividend is Wednesday, November 14th.

In other Enbridge news, insider Bradley Francis Shamla sold 2,895 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of C$47.05, for a total transaction of C$136,209.75.

Enbridge Company Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in 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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Analyst Recommendations for Enbridge (TSE:ENB)

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