The stock of Enbridge Inc (TSE:ENB) is a huge mover today! About 1.41M 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 5 months negative chart setup for the $49.53 billion company. It was reported on Nov, 14 by Barchart.com. We have $49.35 PT which if reached, will make TSE:ENB worth $4.46B 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. Enbridge Inc. has been the topic of 26 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The stock of Enbridge Inc (TSE:ENB) earned “Outperform” rating by RBC Capital Markets on Thursday, January 21. The firm has “Outperform” rating by RBC Capital Markets given on Friday, September 2. As per Friday, November 4, the company rating was maintained by Scotia Capital. The rating was initiated by JP Morgan on Tuesday, December 15 with “Overweight”. On Friday, November 4 the stock rating was maintained by TD Securities with “Buy”. The stock of Enbridge Inc (TSE:ENB) earned “Buy” rating by Goldman Sachs on Friday, September 9. National Bank Canada upgraded the stock to “Outperform” rating in Wednesday, September 7 report. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, July 20 report. The firm earned “Sector Perform” rating on Friday, November 6 by National Bank Canada. RBC Capital Markets maintained the shares of ENB in a report on Tuesday, June 28 with “Outperform” rating.
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 $49.53 billion. The Firm operates through five divisions: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. It has a 26.69 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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