Enbridge Inc (ENB) Insider Sells C$686,230.53 in Stock
Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Vernon Dai-Chung Yu sold 13,179 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of C$52.07, for a total transaction of C$686,230.53.
Enbridge Inc (ENB) traded down 0.50% during mid-day trading on Wednesday, reaching $52.15. 2,060,495 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $50.39 and its 200-day moving average price is $52.72. The company has a market capitalization of $85.83 billion and a P/E ratio of 33.67. Enbridge Inc has a 52 week low of $48.98 and a 52 week high of $59.18.
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A number of research firms have weighed in on ENB. TD Securities raised their price objective on shares of Enbridge from C$62.00 to C$64.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Royal Bank Of Canada cut their price objective on shares of Enbridge from C$67.00 to C$64.00 and set an “outperform” rating on the stock in a report on Monday, June 12th. Finally, GMP Securities cut their price objective on shares of Enbridge from C$64.00 to C$61.25 in a report on Friday, June 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$64.18.
Enbridge Company Profile
Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.
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