BMO Capital Markets Increases Enbridge (TSE:ENB) Price Target to C$60.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price target increased by stock analysts at BMO Capital Markets from C$59.00 to C$60.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential downside of 2.64% from the stock’s previous close.

ENB has been the subject of a number of other research reports. Wells Fargo & Company upgraded Enbridge from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their target price on shares of Enbridge from C$60.00 to C$66.00 in a report on Thursday, November 21st. Royal Bank of Canada upped their price target on shares of Enbridge from C$59.00 to C$63.00 in a report on Wednesday. Morgan Stanley set a C$64.00 price objective on shares of Enbridge and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Raymond James upped their target price on Enbridge from C$59.00 to C$63.00 in a research note on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$60.31.

Enbridge Stock Performance

ENB opened at C$61.63 on Wednesday. Enbridge has a 1-year low of C$45.05 and a 1-year high of C$61.99. The stock has a market cap of C$134.35 billion, a P/E ratio of 23.70, a P/E/G ratio of 1.72 and a beta of 0.90. The stock’s 50 day simple moving average is C$57.88 and its 200 day simple moving average is C$53.49. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44.

Insider Activity

In other Enbridge news, Senior Officer Maximilian Chan sold 688 shares of the stock in a transaction that occurred 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.

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.