Brokerage Firm Rating Update on Spectra Energy Corp (SE)

Spectra Energy Corp (SE) : Zacks Investment Research ranks Spectra Energy Corp (SE) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.42, which indicates as a Buy.

Spectra Energy Corp (SE) : Average target price received by Spectra Energy Corp (SE) is $36.11 with an expected standard deviation of $3.92. The most aggressive target on the stock is $41, whereas the most downbeat target is $31. 9 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Jefferies maintains the rating on Spectra Energy Corp (NYSE:SE). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $30 per share to $31 per share. The rating by the firm was issued on July 25, 2016.

Spectra Energy Corp (NYSE:SE): The stock opened at $40.91 and touched an intraday high of $42.18 on Wednesday. During the day, the stock corrected to an intraday low of $40.88, however, the bulls stepped in and pushed the price higher to close in the green at $41.92 with a gain of 2.24% for the day. The total traded volume for the day was 24,178,968. The stock had closed at $41 in the previous trading session.

Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.

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