Enbridge (TSE:ENB) (NYSE:ENB) has been given a consensus recommendation of “Buy” by the ten ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$56.23.
Several equities analysts have issued reports on ENB shares. TD Securities dropped their price objective on Enbridge from C$62.00 to C$61.00 and set a “buy” rating on the stock in a report on Thursday, December 14th. Royal Bank of Canada dropped their price objective on Enbridge from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a report on Wednesday, December 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$66.00 price objective on shares of Enbridge in a report on Wednesday, December 13th. Scotiabank dropped their price objective on Enbridge from C$60.00 to C$59.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Finally, Canaccord Genuity dropped their price objective on Enbridge from C$54.00 to C$52.00 in a report on Wednesday, February 14th.
In other Enbridge news, insider Robert Ross Rooney bought 6,100 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was acquired at an average price of C$40.80 per share, for a total transaction of C$248,880.00. Also, insider Bradley Francis Shamla sold 1,009 shares of the stock in a transaction dated Thursday, March 29th. The stock was sold at an average price of C$40.00, for a total transaction of C$40,360.00. In the last ninety days, insiders have acquired 7,100 shares of company stock worth $290,630.
Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, February 16th. The company reported C$0.61 EPS for the quarter, beating the consensus estimate of C$0.53 by C$0.08. The firm had revenue of C$12.89 billion for the quarter, compared to analyst estimates of C$11.73 billion. Enbridge had a return on equity of 6.04% and a net margin of 11.00%.
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Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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