Enbridge Inc (TSE:ENB) (NYSE:ENB) insider Robert Ross Rooney bought 6,100 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was bought at an average cost of C$40.80 per share, with a total value of C$248,880.00.
Shares of Enbridge Inc (TSE ENB) traded up C$0.22 during trading hours on Friday, hitting C$41.28. 13,705,200 shares of the company were exchanged, compared to its average volume of 3,446,923. Enbridge Inc has a twelve month low of C$40.00 and a twelve month high of C$57.75. The company has a market cap of $69,600.00, a P/E ratio of 24.43 and a beta of 0.26.
Several equities research analysts have recently weighed in on the stock. TD Securities dropped their target price on shares of Enbridge from C$62.00 to C$61.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. Royal Bank of Canada dropped their target price on shares of Enbridge from C$63.00 to C$59.00 and set an “outperform” rating for the company in a research report on Wednesday, December 13th. BMO Capital Markets reissued an “outperform” rating and issued a C$66.00 target price on shares of Enbridge in a research report on Wednesday, December 13th. CIBC dropped their target price on shares of Enbridge from C$67.00 to C$63.00 in a research report on Friday, December 1st. Finally, Scotiabank dropped their target price on shares of Enbridge from C$61.00 to C$60.00 and set an “outperform” rating for the company in a research report on Thursday, November 30th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of C$58.41.
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Enbridge Company Profile
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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