Can Enbridge Inc’s Tomorrow be Different? The Stock Declines Again

 Can Enbridge Inc's Tomorrow be Different? The Stock Declines Again

The stock of Enbridge Inc (TSE:ENB) is a huge mover today! About 740,034 shares traded hands. Enbridge Inc (TSE:ENB) has risen 16.17% since March 28, 2016 and is uptrending. It has outperformed by 13.15% the S&P500.
The move comes after 5 months negative chart setup for the $53.00 billion company. It was reported on Nov, 1 by Barchart.com. We have $53.50 PT which if reached, will make TSE:ENB worth $3.18 billion less.

Enbridge Inc (TSE:ENB) Ratings Coverage

Out of 10 analysts covering Enbridge Inc. (TSE:ENB), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. $71 is the highest target while $50 is the lowest. The $58.10 average target is 2.09% above today’s ($56.91) stock price. Enbridge Inc. has been the topic of 24 analyst reports since September 11, 2015 according to StockzIntelligence Inc. National Bank Canada downgraded the shares of ENB in a report on Friday, November 6 to “Sector Perform” rating. The stock of Enbridge Inc (TSE:ENB) has “Outperform” rating given on Thursday, January 21 by RBC Capital Markets. The stock of Enbridge Inc (TSE:ENB) has “Outperform” rating given on Tuesday, June 28 by RBC Capital Markets. Bank of America initiated the stock with “Neutral” rating in Thursday, September 1 report. The stock of Enbridge Inc (TSE:ENB) earned “Neutral” rating by Goldman Sachs on Wednesday, July 20. As per Tuesday, December 15, the company rating was initiated by JP Morgan. National Bank Canada upgraded the shares of ENB in a report on Wednesday, September 7 to “Outperform” rating. On Friday, September 9 the stock rating was upgraded by Goldman Sachs to “Buy”. On Friday, September 2 the stock rating was maintained by RBC Capital Markets with “Outperform”.

More notable recent Enbridge Inc (TSE:ENB) news were published by: Business.Financialpost.com which released: “Enbridge Inc cuts 530 jobs, 5 per cent of work force in Canada, U.S.” on October 19, 2016, also Fool.com with their article: “Why Long-Term Investors Should Prefer Enbridge Inc Over Williams Companies Inc” published on October 04, 2016, Fool.ca published: “This Could Be the Perfect Opportunity for Enbridge Inc.” on October 28, 2016. More interesting news about Enbridge Inc (TSE:ENB) were released by: Fool.ca and their article: “Income Investors: Should You Buy Enbridge Inc. or TransCanada Corporation Today?” published on October 27, 2016 as well as Fool.ca‘s news article titled: “TFSA Investors: Why Enbridge Inc. Is a Top Dividend Stock for Your Retirement …” with publication date: October 25, 2016.

Enbridge Inc. is an energy transportation and distribution company. The company has a market cap of $53.00 billion. The Firm operates through five divisions: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. It has a 39.89 P/E ratio. The Firm operates the crude oil and liquids transportation system in Canada and the United States.

ENB.TO Company Profile

Enbridge Inc. (Enbridge), incorporated on December 15, 1987, is an energy transportation and distribution company. The Firm operates through five divisions: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Firm operates the crude oil and liquids transportation system in Canada and the United States. The Firm is also involved in natural gas gathering, transmission and midstream businesses. It provides natural gas distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in over 2,200 megawatts (MW) of renewable and alternative energy generating capacity and is involved in holding its interests in wind, solar and geothermal power.

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