What Next for Enbridge Inc Stock After Today’s Huge Increase?

 What Next for Enbridge Inc Stock After Today's Huge Increase?

The stock of Enbridge Inc (TSE:ENB) is a huge mover today! About 433,397 shares traded hands. Enbridge Inc (TSE:ENB) has risen 8.00% since April 26, 2016 and is uptrending. It has outperformed by 2.77% the S&P500.
The move comes after 9 months positive chart setup for the $53.11 billion company. It was reported on Nov, 30 by Barchart.com. We have $62.47 PT which if reached, will make TSE:ENB worth $4.78 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 0.51% above today’s ($57.31) stock price. Enbridge Inc. has been the topic of 26 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The rating was upgraded by Goldman Sachs on Friday, September 9 to “Buy”. National Bank Canada upgraded Enbridge Inc (TSE:ENB) on Wednesday, September 7 to “Outperform” rating. On Wednesday, July 20 the stock rating was downgraded by Goldman Sachs to “Neutral”. RBC Capital Markets maintained it with “Outperform” rating and $64 target price in Tuesday, June 28 report. As per Friday, November 4, the company rating was maintained by TD Securities. The firm has “Outperform” rating given on Thursday, January 21 by RBC Capital Markets. As per Friday, November 4, the company rating was maintained by Scotia Capital. National Bank Canada downgraded Enbridge Inc (TSE:ENB) on Friday, November 6 to “Sector Perform” rating. The company was maintained on Friday, September 2 by RBC Capital Markets. The stock has “Overweight” rating given by JP Morgan on Tuesday, December 15.

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 Business.Financialpost.com with their article: “Enbridge’s Line 3 faces resistance in U.S. as Ottawa set to rule on pipeline” published on November 23, 2016, Forbes.com published: “Ex-Div Reminder for Enbridge (ENB)” on November 08, 2016. More interesting news about Enbridge Inc (TSE:ENB) were released by: Bloomberg.com and their article: “Trudeau Approves Kinder Morgan’s Trans Mountain Pipeline” published on November 29, 2016 as well as Fool.ca‘s news article titled: “Dividend Investors: Should You Buy BCE Inc. or Enbridge Inc. Today?” with publication date: November 17, 2016.

Enbridge Inc. is an energy transportation and distribution company. The company has a market cap of $53.11 billion. The Firm operates through five divisions: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. It has a 28.2 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment