Barclays Increases Enbridge (TSE:ENB) Price Target to C$64.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective hoisted by stock analysts at Barclays from C$59.00 to C$64.00 in a report issued on Monday,BayStreet.CA reports. Barclays‘s price objective indicates a potential upside of 2.07% from the company’s previous close.

Several other equities research analysts also recently commented on ENB. Wells Fargo & Company boosted their target price on shares of Enbridge from C$57.00 to C$60.00 in a research report on Thursday, December 5th. Raymond James boosted their price objective on Enbridge from C$59.00 to C$63.00 in a report on Tuesday, November 26th. Jefferies Financial Group cut Enbridge from a “buy” rating to a “hold” rating and lifted their target price for the company from C$55.00 to C$58.00 in a research report on Monday, September 30th. JPMorgan Chase & Co. increased their price target on Enbridge from C$66.00 to C$69.00 in a research report on Thursday, December 5th. Finally, CIBC raised their price objective on Enbridge from C$61.00 to C$63.00 in a research note on Wednesday, December 4th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$61.08.

Enbridge Price Performance

Shares of TSE:ENB opened at C$62.70 on Monday. The stock’s 50 day moving average is C$59.73 and its 200-day moving average is C$55.23. Enbridge has a twelve month low of C$45.05 and a twelve month high of C$62.82. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. The firm has a market capitalization of C$136.69 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 1.72 and a beta of 0.90.

Insider Buying and Selling

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