Enbridge (TSE:ENB) PT Set at C$66.00 by TD Securities

Enbridge (TSE:ENB) (NYSE:ENB) has been given a C$66.00 price objective by TD Securities in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 4.25% from the company’s current price.

ENB has been the topic of several other reports. Morgan Stanley set a C$64.00 target price on shares of Enbridge and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada upped their price objective on shares of Enbridge from C$59.00 to C$63.00 in a research note on Wednesday, December 4th. Barclays lifted their price target on Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. CIBC upped their price objective on shares of Enbridge from C$63.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, Jefferies Financial Group lowered shares of Enbridge from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$55.00 to C$58.00 in a report on Monday, September 30th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$61.69.

Enbridge Stock Performance

TSE ENB opened at C$63.31 on Wednesday. The firm has a market cap of C$138.02 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company’s 50 day moving average is C$60.52 and its 200-day moving average is C$55.87. Enbridge has a 12-month low of C$45.05 and a 12-month high of C$64.02. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26.

Insider Buying and Selling

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$59.94, for a total value of C$66,293.64. 0.10% of the stock is currently 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.