Enbridge Inc. (TSE:ENB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Enbridge Inc. (TSE:ENBGet Free Report) (NYSE:ENB) have been given an average recommendation of “Hold” by the eleven research firms that are covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$58.31.

ENB has been the subject of several analyst reports. Royal Bank of Canada increased their price target on shares of Enbridge from C$55.00 to C$59.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. CIBC increased their price target on shares of Enbridge from C$59.00 to C$67.00 in a research report on Monday, November 4th. BMO Capital Markets increased their price target on shares of Enbridge from C$54.00 to C$56.00 in a research report on Thursday, September 5th. Barclays increased their price target on shares of Enbridge from C$54.00 to C$59.00 in a research report on Monday, November 11th. Finally, Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating and increased their price target for the company from C$55.00 to C$58.00 in a research report on Monday, September 30th.

Check Out Our Latest Stock Analysis on Enbridge

Enbridge Trading Up 0.6 %

ENB stock opened at C$60.95 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. Enbridge has a twelve month low of C$45.05 and a twelve month high of C$61.09. The stock has a market capitalization of C$132.87 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The firm’s fifty day simple moving average is C$57.39 and its two-hundred day simple moving average is C$53.24.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Friday, November 15th were paid a $0.915 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $3.66 annualized dividend and a yield of 6.00%. Enbridge’s dividend payout ratio is currently 140.77%.

Insider Activity

In related news, Senior Officer Maximilian Chan sold 688 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$55.20, for a total transaction of C$37,977.60. Corporate insiders own 0.10% of the company’s stock.

About Enbridge

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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.

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Analyst Recommendations for Enbridge (TSE:ENB)

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