Analyst Price Target Update on Enbridge Inc (NYSE:ENB)

Enbridge Inc (NYSE:ENB): 3 Analyst have given the stock of Enbridge Inc (NYSE:ENB) a near short term price target of $49.49. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $9.11. The higher price target estimate is at $60 while the lower price estimates are fixed at $44.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Barclays assumes the rating on Enbridge Inc (NYSE:ENB). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency maintains the price target to $60 per share. The rating by the firm was issued on April 12, 2016. For the current week, the company shares have a recommendation consensus of Buy.

Enbridge Inc (NYSE:ENB) : On Monday heightened volatility was witnessed in Enbridge Inc (NYSE:ENB) which led to swings in the share price. The stock opened for trading at $41.53 and hit $42.45 on the upside , eventually ending the session at $42.3, with a gain of 0.88% or 0.37 points. The heightened volatility saw the trading volume jump to 952,910 shares. The 52-week high of the share price is $49.085 and the company has a market cap of $39,301 million. The 52-week low of the share price is at $27.425 .

Enbridge Inc. (Enbridge) is an energy transportation and distribution company. The Company operates in five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. Liquids Pipelines segment owns and operates crude oil and other liquid hydrocarbons pipelines and terminals. Gas Distribution consists of the Companys natural gas utility operations. Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, gathering and processing facilities and the Companys energy services businesses, along with renewable energy and transmission facilities. Sponsored Investments includes the Companys 33.7% economic interest in Enbridge Energy Partners, L.P. (EEP), and Enbridges interests in both the Eastern Access and Lakehead System Mainline expansion projects held through Enbridge Energy, Limited Partnership (EELP). The Corporate segment includes an investment in Noverco Inc.

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