Enbridge Inc (NYSE:ENB) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 1.5 by 4 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Barclays, assumes their rating on the shares of Enbridge Inc (NYSE:ENB). Barclays has a Overweight rating on the shares. As per the latest report, the brokerage house maintains the price target to $60 per share. The rating by the firm was issued on April 12, 2016.
Enbridge Inc (NYSE:ENB) should head towards $49.49 per share according to 3 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $44 per share. The higher price estimate target is at $60 according to the Analysts.
Enbridge Inc (NYSE:ENB) rose 0.76% or 0.32 points on Tuesday and made its way into the gainers of the day. After trading began at $41.89 the stock was seen hitting $42.53 as a peak level and $41.75 as the lowest level. The stock ended up at $42.33. The daily volume was measured at 932,569 shares. The 52-week high of the share price is $49.085 and the 52-week low is $27.425. The company has a market cap of $39,329 million.
Shares of Enbridge Inc. rose by 1.98% in the last five trading days and 5.06% for the last 4 weeks. Enbridge Inc. is up 12.32% in the last 3-month period. Year-to-Date the stock performance stands at 30.45%.
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.