TD Securities Reiterates C$66.00 Price Target for Enbridge (TSE:ENB)

Enbridge (TSE:ENB) (NYSE:ENB) has been assigned a C$66.00 price target by analysts at TD Securities in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 3.59% from the stock’s previous close.

A number of other brokerages have also recently weighed in on ENB. Raymond James lifted their price target on shares of Enbridge from C$59.00 to C$63.00 in a research report on Tuesday, November 26th. Barclays increased their price target on Enbridge from C$59.00 to C$64.00 in a report on Monday, January 6th. Scotiabank boosted their price objective on Enbridge from C$57.00 to C$61.00 in a research note on Wednesday, December 4th. CIBC upped their target price on Enbridge from C$63.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Finally, JPMorgan Chase & Co. raised their target price on Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$61.69.

Enbridge Price Performance

TSE ENB traded up C$0.47 during trading hours on Wednesday, reaching C$63.71. The company’s stock had a trading volume of 1,246,147 shares, compared to its average volume of 5,538,852. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76. The stock has a market cap of C$138.89 billion, a PE ratio of 24.50, a PEG ratio of 1.72 and a beta of 0.90. Enbridge has a fifty-two week low of C$45.05 and a fifty-two week high of C$64.02. The company’s 50-day moving average is C$60.39 and its two-hundred day moving average is C$55.76.

Insider Transactions at Enbridge

In other Enbridge news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total transaction 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.