Enbridge’s (ENB) “Outperform” Rating Reiterated at BMO Capital Markets

Enbridge (TSE:ENB) (NYSE:ENB)‘s stock had its “outperform” rating reaffirmed by BMO Capital Markets in a report released on Wednesday. They currently have a C$66.00 target price on the stock. BMO Capital Markets’ target price indicates a potential upside of 33.79% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. CIBC dropped their price objective on shares of Enbridge from C$67.00 to C$63.00 in a research note on Friday, December 1st. Scotiabank dropped their price objective on shares of Enbridge from C$61.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Thursday, November 30th. National Bank Financial dropped their price objective on shares of Enbridge from C$63.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Thursday, November 30th. Canaccord Genuity dropped their price objective on shares of Enbridge from C$59.00 to C$54.00 in a research note on Thursday, November 30th. Finally, Royal Bank of Canada dropped their price objective on shares of Enbridge from C$64.00 to C$63.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Enbridge currently has an average rating of “Buy” and an average price target of C$60.58.

Enbridge (ENB) traded down C$0.24 during trading on Wednesday, hitting C$49.33. 3,606,702 shares of the company’s stock were exchanged, compared to its average volume of 2,989,445. Enbridge has a 12-month low of C$43.91 and a 12-month high of C$58.28.

In related news, insider Laszlo Varsanyi sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of C$23.85, for a total transaction of C$64,395.00. Also, Director Wanda Marie Opheim sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of C$51.00, for a total transaction of C$1,428,000.00. Over the last three months, insiders have purchased 10,156 shares of company stock worth $499,357 and have sold 103,999 shares worth $4,958,443.

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About Enbridge

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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