Barclays Increases Enbridge (TSE:ENB) Price Target to C$64.00

Enbridge (TSE:ENB) (NYSE:ENB) had its target price lifted by Barclays from C$59.00 to C$64.00 in a research report released on Monday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada lifted their price objective on Enbridge from C$59.00 to C$63.00 in a research report on Wednesday, December 4th. Jefferies Financial Group downgraded shares of Enbridge from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$55.00 to C$58.00 in a report on Monday, September 30th. Raymond James upped their price objective on shares of Enbridge from C$59.00 to C$63.00 in a research note on Tuesday, November 26th. Wells Fargo & Company lifted their target price on shares of Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Finally, BMO Capital Markets raised their price objective on Enbridge from C$59.00 to C$60.00 in a report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$61.08.

Enbridge Stock Performance

Enbridge stock opened at C$63.30 on Monday. Enbridge has a fifty-two week low of C$45.05 and a fifty-two week high of C$63.40. The company has a market capitalization of C$137.99 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.72 and a beta of 0.90. The stock has a fifty day moving average of C$59.87 and a two-hundred day moving average of C$55.33. The company has a debt-to-equity ratio of 131.26, a quick ratio of 0.44 and a current ratio of 0.76.

Enbridge Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be issued a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a yield of 5.96%. This is a boost from Enbridge’s previous quarterly dividend of $0.92. Enbridge’s dividend payout ratio (DPR) is presently 140.77%.

Insider Buying and Selling at Enbridge

In other news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of Enbridge stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total value of C$66,293.64. 0.10% of the stock is owned by company insiders.

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.