Enbridge (TSE:ENB) Given New C$67.00 Price Target at BMO Capital Markets

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective increased by research analysts at BMO Capital Markets from C$66.00 to C$67.00 in a research note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 0.09% from the company’s previous close.

Other analysts also recently issued reports about the stock. Barclays lifted their price target on shares of Enbridge from C$65.00 to C$68.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Cibc World Mkts downgraded Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. Jefferies Financial Group raised their price target on Enbridge from C$72.00 to C$73.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Argus raised Enbridge to a “strong-buy” rating in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada increased their target price on Enbridge from C$67.00 to C$72.00 in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Enbridge currently has a consensus rating of “Moderate Buy” and a consensus target price of C$69.50.

Enbridge Stock Performance

ENB remained flat at C$66.94 during trading on Monday. 5,820,256 shares of the company’s stock were exchanged, compared to its average volume of 7,892,297. The stock has a market capitalization of C$145.96 billion, a P/E ratio of 23.57, a P/E/G ratio of 1.72 and a beta of 0.91. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. Enbridge has a twelve month low of C$56.51 and a twelve month high of C$70.39. The business’s 50-day simple moving average is C$67.26 and its two-hundred day simple moving average is C$64.65.

About Enbridge

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.