Enbridge Inc (ENB) Director Albert Monaco Acquires 20,000 Shares of Stock

Enbridge Inc (TSE:ENB) (NYSE:ENB) Director Albert Monaco purchased 20,000 shares of Enbridge stock in a transaction on Tuesday, June 13th. The shares were acquired at an average cost of C$51.11 per share, with a total value of C$1,022,200.00.

Shares of Enbridge Inc (ENB) opened at 51.58 on Tuesday. Enbridge Inc has a 52 week low of $49.61 and a 52 week high of $59.19. The firm’s 50-day moving average is $52.36 and its 200-day moving average is $55.23. The stock has a market capitalization of $84.53 billion and a price-to-earnings ratio of 42.91.

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Several equities analysts have recently weighed in on ENB shares. TD Securities reaffirmed a “buy” rating and set a C$64.00 target price on shares of Enbridge in a report on Wednesday, April 19th. Scotiabank reaffirmed an “outperform” rating and set a C$62.00 target price on shares of Enbridge in a research note on Monday, May 1st. Royal Bank Of Canada lowered their target price on shares of Enbridge from C$67.00 to C$64.00 and set an “outperform” rating on the stock in a research note on Monday, June 12th. Wells Fargo & Company reissued a “market perform” rating on shares of Enbridge in a research report on Friday, March 31st. Finally, GMP Securities lowered their price target on shares of Enbridge from C$64.00 to C$61.25 in a research report on Friday, June 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Enbridge currently has a consensus rating of “Buy” and an average price target of C$63.33.

About Enbridge

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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