Enbridge (TSE:ENB) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective upped by stock analysts at JPMorgan Chase & Co. from C$60.00 to C$66.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports.

Several other research analysts have also issued reports on the company. CIBC raised their price target on Enbridge from C$59.00 to C$67.00 in a research report on Monday, November 4th. Royal Bank of Canada raised their price objective on Enbridge from C$55.00 to C$59.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Barclays raised their price objective on Enbridge from C$54.00 to C$59.00 in a research note on Monday, November 11th. Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$55.00 to C$58.00 in a research note on Monday, September 30th. Finally, BMO Capital Markets lifted their price target on Enbridge from C$54.00 to C$56.00 in a research note on Thursday, September 5th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$58.00.

Enbridge Price Performance

The company has a market cap of C$131.82 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.72 and a beta of 0.90. 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’s 50 day simple moving average is C$56.89 and its 200 day simple moving average is C$52.91. Enbridge has a 12-month low of C$45.05 and a 12-month high of C$61.09.

Insider Activity at Enbridge

In related news, Senior Officer Maximilian Chan sold 688 shares of Enbridge stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total transaction of C$37,977.60. 0.10% of the stock is owned by company 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.