Enbridge Inc’s Stock Is Buy After Today’s Huge Increase

 Enbridge Inc's Stock Is Buy After Today's Huge Increase

The stock of Enbridge Inc (TSE:ENB) is a huge mover today! About 393,721 shares traded hands. Enbridge Inc (TSE:ENB) has risen 8.76% since April 8, 2016 and is uptrending. It has outperformed by 3.78% the S&P500.
The move comes after 8 months positive chart setup for the $49.78B company. It was reported on Nov, 14 by Barchart.com. We have $70.32 PT which if reached, will make TSE:ENB worth $14.44 billion more.

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 $57.60 average target is 5.67% above today’s ($54.51) stock price. Enbridge Inc. has been the topic of 26 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Tuesday, December 15 by JP Morgan. National Bank Canada downgraded Enbridge Inc (TSE:ENB) rating on Friday, November 6. National Bank Canada has “Sector Perform” rating and $65 price target. On Thursday, September 1 the stock rating was initiated by Bank of America with “Neutral”. Scotia Capital maintained the shares of ENB in a report on Friday, November 4 with “Outperform” rating. RBC Capital Markets maintained Enbridge Inc (TSE:ENB) rating on Tuesday, June 28. RBC Capital Markets has “Outperform” rating and $64 price target. The stock of Enbridge Inc (TSE:ENB) has “Outperform” rating given on Wednesday, September 7 by National Bank Canada. As per Friday, September 2, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, January 21. Goldman Sachs downgraded the shares of ENB in a report on Wednesday, July 20 to “Neutral” rating. As per Friday, September 9, the company rating was upgraded by Goldman Sachs.

More notable recent Enbridge Inc (TSE:ENB) news were published by: Forbes.com which released: “Ex-Div Reminder for Enbridge (ENB)” on November 08, 2016, also Business.Financialpost.com with their article: “Enbridge Inc cuts 530 jobs, 5 per cent of work force in Canada, U.S.” published on October 19, 2016, Wsj.com published: “Canadian Pipeline Operator Enbridge Posts Smaller Loss” on November 03, 2016. More interesting news about Enbridge Inc (TSE:ENB) were released by: Fool.ca and their article: “3 Things Enbridge Inc.’s CEO Wants You to Know About How it Will Grow the Dividend” published on November 10, 2016 as well as Fool.ca‘s news article titled: “Enbridge Inc. Is a Dividend-Growth King” with publication date: November 02, 2016.

Enbridge Inc. is an energy transportation and distribution company. The company has a market cap of $49.78 billion. The Firm operates through five divisions: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. It has a 26.82 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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