Enbridge Inc. (ENB) Price Target Cut to C$67.00 by Analysts at CIBC

Enbridge Inc. (TSE:ENB) (NYSE:ENB) had its target price decreased by equities research analysts at CIBC from C$69.00 to C$67.00 in a research note issued to investors on Friday, November 3rd. CIBC’s target price would suggest a potential upside of 50.43% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Scotiabank lowered their price objective on shares of Enbridge from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. TD Securities lowered their price objective on shares of Enbridge from C$64.00 to C$62.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$63.66.

Shares of Enbridge (ENB) opened at C$44.54 on Friday. Enbridge has a 12 month low of C$44.35 and a 12 month high of C$58.56.

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In other Enbridge news, Director Gregory Lorne Ebel sold 25,820 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of C$41.49, for a total value of C$1,071,271.80. Also, Director Michael E.J. Phelps sold 6,300 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of C$41.42, for a total transaction of C$260,946.00. In the last quarter, insiders purchased 10,056 shares of company stock worth $502,753 and sold 101,299 shares worth $4,894,048.

Enbridge Company Profile

Enbridge Inc is a Canada-based energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, including Canadian Mainline, Lakehead Pipeline System, Mid-Continent and Gulf Coast and Regional Oil Sands System.

Analyst Recommendations for Enbridge (TSE:ENB)

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