Spectra Energy Corp (SE) has an average broker rating of 2.46, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.
Spectra Energy Corp (SE) : The consensus price target for Spectra Energy Corp (SE) is $35.3 for the short term with a standard deviation of $4.24. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $41, however, the pessimist price target for the company is $30.
Company shares have received an average consensus rating of Hold for the current week Also, Jefferies maintains their rating on the shares of Spectra Energy Corp (NYSE:SE). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $31 per share from $30 per share. The rating by the firm was issued on July 25, 2016.
Spectra Energy Corp (NYSE:SE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.78 and $35.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.46, notching a gain of 1.67% for the day. The total traded volume was 6,659,997 . The stock had closed at $35.86 on the previous day.
Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.