Analysts Set Enbridge Inc (ENB) Price Target at $64.18

Shares of Enbridge Inc (TSE:ENB) (NYSE:ENB) have been given a consensus rating of “Buy” by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$64.18.

Separately, TD Securities lifted their target price on shares of Enbridge from C$62.00 to C$64.00 and gave the company a “buy” rating in a report on Tuesday, August 8th.

Shares of Enbridge (ENB) traded up 0.41% during mid-day trading on Wednesday, hitting $52.01. The stock had a trading volume of 1,050,038 shares. The firm has a market cap of $85.60 billion and a PE ratio of 33.58. Enbridge has a 52-week low of $48.98 and a 52-week high of $59.18. The stock’s 50-day moving average price is $50.79 and its 200-day moving average price is $52.54.

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In other news, Director Albert Monaco acquired 9,356 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average cost of C$50.02 per share, for a total transaction of C$467,987.12. Also, insider Bradley Francis Shamla sold 5,135 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of C$52.85, for a total transaction of C$271,384.75. Over the last 90 days, insiders purchased 10,056 shares of company stock valued at $502,753 and sold 80,614 shares valued at $4,094,161.

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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