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.
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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