Jefferies Financial Group Reiterates Hold Rating for Enbridge (TSE:ENB)

Enbridge (TSE:ENB) (NYSE:ENB)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a report released on Thursday, BayStreet.CA reports. They presently have a C$54.00 price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 5.49% from the stock’s previous close.

ENB has been the subject of several other reports. US Capital Advisors reiterated an “overweight” rating on shares of Enbridge in a research report on Friday, October 25th. UBS Group upgraded shares of Enbridge from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$50.00 to C$54.00 in a research report on Monday, November 25th. Citigroup lifted their target price on shares of Enbridge from C$46.00 to C$51.00 in a research report on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of Enbridge from C$54.00 to C$55.00 in a research report on Monday, September 9th. Finally, CIBC dropped their target price on shares of Enbridge from C$57.00 to C$56.00 in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Enbridge has a consensus rating of “Buy” and an average price target of C$54.92.

Shares of ENB stock traded up C$0.46 during trading hours on Thursday, reaching C$51.19. The stock had a trading volume of 1,107,813 shares, compared to its average volume of 4,818,255. The stock’s fifty day simple moving average is C$49.10 and its 200 day simple moving average is C$47.15. The company has a current ratio of 0.60, a quick ratio of 0.47 and a debt-to-equity ratio of 94.16. Enbridge has a 12 month low of C$39.69 and a 12 month high of C$51.38. The firm has a market capitalization of $102.67 billion and a PE ratio of 17.78.

In other news, Senior Officer Bradley Francis Shamla sold 2,537 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$47.30, for a total value of C$120,000.10. Following the completion of the sale, the insider now directly owns 46,035 shares in the company, valued at approximately C$2,177,455.50.

About Enbridge

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

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Analyst Recommendations for Enbridge (TSE:ENB)

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