Barclays Boosts Enbridge (TSE:ENB) Price Target to C$59.00

Enbridge (TSE:ENB) (NYSE:ENB) had its target price upped by Barclays from C$54.00 to C$59.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

ENB has been the topic of a number of other research reports. Royal Bank of Canada lifted their price target on shares of Enbridge from C$55.00 to C$59.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating and upped their target price for the stock from C$55.00 to C$58.00 in a research note on Monday, September 30th. BMO Capital Markets increased their target price on Enbridge from C$54.00 to C$56.00 in a report on Thursday, September 5th. Wells Fargo & Company upgraded Enbridge from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, CIBC lifted their target price on Enbridge from C$59.00 to C$67.00 in a research report on Monday, November 4th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Enbridge presently has an average rating of “Hold” and an average price target of C$57.54.

Enbridge Trading Up 1.8 %

TSE:ENB opened at C$60.59 on Monday. The company has a debt-to-equity ratio of 131.26, a current ratio of 0.76 and a quick ratio of 0.44. The business’s 50-day simple moving average is C$56.25 and its 200-day simple moving average is C$52.45. Enbridge has a fifty-two week low of C$45.05 and a fifty-two week high of C$60.78. The stock has a market capitalization of C$132.09 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Sunday, December 1st will be given a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a dividend yield of 6.04%. The ex-dividend date is Friday, November 15th. Enbridge’s dividend payout ratio (DPR) is 140.77%.

Insider Activity

In other news, Senior Officer Maximilian Chan sold 688 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$55.20, for a total transaction of C$37,977.60. 0.10% of the stock is currently 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.