Spectra Energy Corp (SE) Receives Price Target

Spectra Energy Corp (SE) : Currently there are 10 street experts covering Spectra Energy Corp (SE) stock. The most bullish and bearish price target for the stock is $41 and $31 respectively for the short term. The average price target of all the analysts comes to $35.8. The estimated standard deviation from the target is $3.82.

Spectra Energy Corp (SE) : Zacks Investment Research ranks Spectra Energy Corp (SE) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.46, which indicates as a Buy.


Also, Jefferies maintains its view on Spectra Energy Corp (NYSE:SE) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Jefferies raises the price target from $30 per share to $31 per share on Spectra Energy Corp. The rating by the firm was issued on July 25, 2016.

Spectra Energy Corp (NYSE:SE): The stock opened at $35.54 on Thursday but the bulls could not build on the opening and the stock topped out at $35.69 for the day. The stock traded down to $35.28 during the day, due to lack of any buying support eventually closed down at $35.61 with a loss of -0.03% for the day. The stock had closed at $35.62 on the previous day. The total traded volume was 2,605,207 shares.

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.

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