Enbridge (TSE:ENB) Price Target Raised to C$67.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price target hoisted by CIBC from C$66.00 to C$67.00 in a report released on Wednesday,BayStreet.CA reports.

Several other research analysts have also commented on the company. Royal Bank of Canada lifted their price target on Enbridge from C$63.00 to C$67.00 in a report on Tuesday, February 18th. Barclays lifted their target price on shares of Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. Wells Fargo & Company increased their price target on shares of Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Raymond James lifted their price target on shares of Enbridge from C$65.00 to C$67.00 in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upped their price objective on Enbridge from C$66.00 to C$69.00 in a report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Enbridge currently has an average rating of “Hold” and a consensus target price of C$63.31.

Enbridge Price Performance

TSE:ENB opened at C$61.01 on Wednesday. Enbridge has a one year low of C$45.39 and a one year high of C$65.62. The stock has a market cap of C$132.22 billion, a PE ratio of 19.83, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The stock has a 50 day moving average price of C$62.36 and a 200 day moving average price of C$58.86.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, March 1st were given a $0.9425 dividend. This is an increase from Enbridge’s previous quarterly dividend of $0.92. This represents a $3.77 annualized dividend and a yield of 6.18%. The ex-dividend date was Friday, February 14th. Enbridge’s payout ratio is currently 118.98%.

Insider Transactions at Enbridge

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total transaction of C$66,293.64. Corporate insiders own 0.10% of the company’s stock.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.