A statement released earlier today by Scotia Capital about Enbridge Inc. (TSE:ENB) raises the target price to $61.00
- Updated: September 18, 2016
Having a price of $52.94, Enbridge Inc. (TSE:ENB) traded 1.11% higher on the day. The last stock price is up 10.96% from the two hundred day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. Enbridge Inc. has recorded a 50-day moving average of $54.45 and two hundred day moving average of $52.67. 3,912,810 shares of ENB exchanged hands, up from ann average trading volume of 1,841,500
In a report announced on 8/03/2016 Scotia Capital upped the target price of Enbridge Inc. (TSE:ENB) from $0 to $61 indicating a possible upsideof 0.15%.
On 7/26/2016, CSFB released a statement for Enbridge Inc.(TSE:ENB) bumped the target price from $54.00 to $58.00. At the time, this indicated a possible upside of 0.11%.
A total of 15 analysts have issued a report on the company. One analyst rate the stock a strong buy, eight firms rate the company a buy, seven firms rate the stock a hold, 0 rate the company to underperform, and lastly 0 firmsrate the company as sell with an average target price of $44.79
Enbridge Inc. has a 52 week low of $40.03 and a one-year high of $59.19 with a P/E ratio of 40. The company’s market cap is presently $0.0.
About Enbridge Inc. (TSE:ENB)
Enbridge Inc. (Enbridge) is an energy transportation and distribution company. The Company operates through five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Company operates the crude oil and liquids transportation system in Canada and the United States. The Company also has involvement in natural gas gathering, transmission and midstream businesses. It provides natural gas distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in over 2, 200 megawatts (MW) of renewable and alternative energy generating capacity and is involved in holding its interests in wind, solar and geothermal power. Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, gathering and processing facilities and its energy services businesses, and along with renewable energy and transmission facilities.
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