Enbridge Inc (ENB) Shares are Down -0.79%

Enbridge Inc (ENB) has risen sharply, recording gains of 6.15% in the past 4 weeks. However, the stock has corrected -0.79% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.34% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.29% and the 50-Day Moving Average is 7.09%.The 200 Day SMA reached 18.09% Enbridge Inc. is up 8.5% in the last 3-month period. Year-to-Date the stock performance stands at 37.49%.


Enbridge Inc (ENB) : Currently there are 4 street experts covering Enbridge Inc (ENB) stock. The most bullish and bearish price target for the stock is $60 and $44 respectively for the short term. The average price target of all the analysts comes to $49.79. The estimated standard deviation from the target is $7.13.

For the current week, the company shares have a recommendation consensus of Buy. Enbridge Inc (NYSE:ENB): The stock opened at $43.59 and touched an intraday high of $44.51 on Friday. During the day, the stock corrected to an intraday low of $43.34, however, the bulls stepped in and pushed the price higher to close in the green at $44.18 with a gain of 0.59% for the day. The total traded volume for the day was 4,122,888. The stock had closed at $44.18 in the previous trading session.

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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