Enbridge (TSE:ENB) Price Target Raised to C$67.00 at BMO Capital Markets

Enbridge (TSE:ENB) (NYSE:ENB) had its price target increased by analysts at BMO Capital Markets from C$66.00 to C$67.00 in a research note issued on Monday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 0.09% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Raymond James Financial raised their price target on shares of Enbridge from C$74.00 to C$76.00 in a research note on Monday. Argus upgraded shares of Enbridge to a “strong-buy” rating in a research note on Tuesday, August 12th. National Bankshares lifted their price target on shares of Enbridge from C$64.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 5th. Jefferies Financial Group boosted their price target on Enbridge from C$72.00 to C$73.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Barclays raised their price objective on Enbridge from C$65.00 to C$68.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$69.50.

Enbridge Stock Performance

ENB stock remained flat at C$66.94 during midday trading on Monday. The company’s stock had a trading volume of 5,820,256 shares, compared to its average volume of 7,892,297. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The company’s 50-day moving average price is C$67.26 and its two-hundred day moving average price is C$64.65. Enbridge has a twelve month low of C$56.51 and a twelve month high of C$70.39. The stock has a market cap of C$145.96 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91.

About Enbridge

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.