Is Selling Enbridge Inc Here a Winning Strategy?

 Is Selling Enbridge Inc Here a Winning Strategy?

The stock of Enbridge Inc (TSE:ENB) is a huge mover today! About 161,428 shares traded hands. Enbridge Inc (TSE:ENB) has risen 8.22% since April 20, 2016 and is uptrending. It has outperformed by 2.81% the S&P500.
The move comes after 5 months negative chart setup for the $53.95 billion company. It was reported on Nov, 24 by Barchart.com. We have $55.30 PT which if reached, will make TSE:ENB worth $2.16B 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 has “Outperform” rating given by RBC Capital Markets on Tuesday, June 28. The stock has “Neutral” rating given by Bank of America on Thursday, September 1. 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. The company was initiated on Tuesday, December 15 by JP Morgan. The stock has “Outperform” rating given by Scotia Capital on Friday, November 4. On Friday, September 9 the stock rating was upgraded by Goldman Sachs to “Buy”. As per Friday, November 6, the company rating was downgraded by National Bank Canada. The stock has “Outperform” rating given by National Bank Canada on Wednesday, September 7. Goldman Sachs downgraded it to “Neutral” rating and $54 target price in Wednesday, July 20 report.

More notable recent Enbridge Inc (TSE:ENB) news were published by: Wsj.com which released: “Canadian Pipeline Operator Enbridge Posts Smaller Loss” on November 03, 2016, also Forbes.com with their article: “Ex-Div Reminder for Enbridge (ENB)” published on November 08, 2016, Fool.ca published: “Dividend Investors: Should You Buy BCE Inc. or Enbridge Inc. Today?” on November 17, 2016. More interesting news about Enbridge Inc (TSE:ENB) were released by: Business.Financialpost.com and their article: “Enbridge’s Line 3 faces resistance in U.S. as Ottawa set to rule on pipeline” published on November 23, 2016 as well as Fool.ca‘s news article titled: “3 Things Enbridge Inc.’s CEO Wants You to Know About How it Will Grow the Dividend” with publication date: November 10, 2016.

Enbridge Inc. is an energy transportation and distribution company. The company has a market cap of $53.95 billion. The Firm operates through five divisions: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. It has a 28.34 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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