In a report released today, Robert Catellier from CIBC maintained a Buy rating on Enbridge (ENB – Research Report), with a price target of C$57.00. The company’s shares opened today at $35.63.
Catellier covers the Energy sector, focusing on stocks such as Pembina Pipeline, Enbridge, and TC Energy. According to TipRanks, Catellier has an average return of 9.4% and a 65.46% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Enbridge with a $38.04 average price target, a 6.76% upside from current levels. In a report released today, Jefferies also assigned a Buy rating to the stock with a C$54.00 price target.
The company has a one-year high of $37.42 and a one-year low of $29.84. Currently, Enbridge has an average volume of 5.49M.
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Enbridge (ENB) Company Description:
Enbridge, Inc. is a Canadian energy infrastructure company that transports crude and other liquid hydrocarbons. The pipeline giant is also engaged in renewable power generation, gas distribution and storage as well as energy marketing services.
Read More on ENB:
- Enbridge, MPLX to form JV to connect Permian Basin gas supply to USGC demand
- Enbridge to Enter into JV Connecting Permian Basin Natural Gas Supply to Growing LNG and USGC Demand
- WHISTLER PIPELINE AND ENBRIDGE AGREE TO STRATEGIC COMBINATION OF WHISTLER AND RIO BRAVO NATURAL GAS ASSETS
- Enbridge, MPLX, WhiteWater, I Squared to enter pipeline joint venture
- Enbridge Clinches Regulatory Nod for Mainline Tariffs
