Enbridge Inc (ENB) PT Lowered to C$63.00
Enbridge Inc (TSE:ENB) (NYSE:ENB) had its price objective reduced by equities research analysts at National Bank Financial from C$67.00 to C$63.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 34.47% from the stock’s previous close.
Several other research analysts have also issued reports on ENB. Scotiabank reduced their price target on Enbridge from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Friday. TD Securities reduced their price target on Enbridge from C$64.00 to C$62.00 and set a “buy” rating on the stock in a research report on Friday. CIBC reduced their price target on Enbridge from C$69.00 to C$67.00 in a research report on Friday. Finally, Royal Bank Of Canada reduced their price target on Enbridge from C$64.00 to C$63.00 and set an “outperform” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$63.66.
Enbridge (TSE ENB) opened at C$46.85 on Friday. Enbridge has a 12-month low of C$46.61 and a 12-month high of C$58.56.
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In other Enbridge news, insider Vernon Dai-Chung Yu sold 13,179 shares of Enbridge stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of C$52.07, for a total transaction of C$686,230.53. Also, Director Wanda Marie Opheim sold 28,000 shares of Enbridge stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of C$51.00, for a total value of C$1,428,000.00. Over the last quarter, insiders have acquired 10,056 shares of company stock worth $502,753 and have sold 101,299 shares worth $4,894,048.
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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