Enbridge (TSE:ENB) PT Set at C$75.00 by Citigroup

Enbridge (TSE:ENB) (NYSE:ENB) received a C$75.00 price target from research analysts at Citigroup in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 21.48% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada increased their target price on shares of Enbridge from C$63.00 to C$67.00 in a report on Tuesday, February 18th. Scotiabank lifted their target price on Enbridge from C$61.00 to C$65.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. CIBC increased their target price on shares of Enbridge from C$66.00 to C$67.00 in a research report on Wednesday, March 5th. Finally, TD Securities lifted their price target on shares of Enbridge from C$66.00 to C$67.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$64.14.

Enbridge Trading Down 3.3 %

Shares of Enbridge stock opened at C$61.74 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The stock has a fifty day simple moving average of C$62.27 and a 200 day simple moving average of C$60.21. Enbridge has a 12-month low of C$45.39 and a 12-month high of C$65.62. The company has a market capitalization of C$133.80 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90.

Insider Activity

In other Enbridge news, Senior Officer Michele Eva Harradence acquired 5,857 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of C$62.53 per share, with a total value of C$366,238.21. Also, Senior Officer Matthew Allan Akman bought 1,000 shares of Enbridge stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of C$61.24 per share, with a total value of C$61,240.00. 0.10% of the stock is owned by company insiders.

Enbridge Company Profile

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.