Enbridge Inc (TSE:ENB) (NYSE:ENB) Director Gregory Lorne Ebel sold 25,820 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of C$41.49, for a total transaction of C$1,071,271.80.
Shares of Enbridge Inc (ENB) opened at 49.31 on Wednesday. The stock has a market cap of $81.15 billion and a price-to-earnings ratio of 31.83. Enbridge Inc has a 52-week low of $48.98 and a 52-week high of $59.17. The stock’s 50 day moving average is $50.84 and its 200 day moving average is $52.26.
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Several equities research analysts have recently commented on ENB shares. CIBC reduced their price target on shares of Enbridge from C$71.00 to C$69.00 in a research report on Tuesday, October 17th. TD Securities upped their price target on shares of Enbridge from C$62.00 to C$64.00 and gave the company a “buy” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Enbridge currently has a consensus rating of “Buy” and a consensus target price of C$64.78.
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.
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