Enbridge Inc (ENB) Receives ‘Analyst’ Rating

Enbridge Inc (ENB) : The consensus on Enbridge Inc (ENB) based on 5 analyst recommendation on the company stock is 1.8, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Enbridge Inc (ENB) : The highest short term price target forecast on Enbridge Inc (ENB) is $60 and the lowest target price is $44. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $49.79 with a standard deviation of $7.13.


Also, Equity Analysts at the Goldman Sachs upgrades the rating on Enbridge Inc (NYSE:ENB). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The Analysts at the ratings agency raises the price target from $43 per share to $48 per share. The rating by the firm was issued on September 8, 2016.

Enbridge Inc (NYSE:ENB): After opening at $43.67, the stock dipped to an intraday low of $43.52 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $44.16 and the buying power remained strong till the end. The stock closed at $43.92 for the day, a gain of 0.80% for the day session. The total traded volume was 2,621,017. The stocks close on the previous trading day was $43.57.

Enbridge Inc. (Enbridge) is an energy transportation and distribution company. The Company operates in five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. Liquids Pipelines segment owns and operates crude oil and other liquid hydrocarbons pipelines and terminals. Gas Distribution consists of the Companys natural gas utility operations. Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, gathering and processing facilities and the Companys energy services businesses, along with renewable energy and transmission facilities. Sponsored Investments includes the Companys 33.7% economic interest in Enbridge Energy Partners, L.P. (EEP), and Enbridges interests in both the Eastern Access and Lakehead System Mainline expansion projects held through Enbridge Energy, Limited Partnership (EELP). The Corporate segment includes an investment in Noverco Inc.

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