Enbridge Inc (TSE:ENB) (NYSE:ENB)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as C$41.73 and last traded at C$41.82, with a volume of 1357541 shares. The stock had previously closed at C$42.09.
A number of brokerages recently commented on ENB. TD Securities decreased their target price 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 decreased their target price 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 issued a C$66.00 target price on shares of Enbridge in a report on Wednesday, December 13th. CIBC decreased their target price on Enbridge from C$67.00 to C$63.00 in a report on Friday, December 1st. Finally, National Bank Financial decreased their target price on Enbridge from C$67.00 to C$63.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$59.28.
The company has a market capitalization of $71,090.00, a price-to-earnings ratio of 24.38 and a beta of 0.18.
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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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