TipRanksStock Market NewsENB NewsEnbridge (ENB) Gets a Hold Rating from Raymond James

Enbridge (ENB) Gets a Hold Rating from Raymond James

In a report released yesterday, Michael Shaw CFA from Raymond James maintained a Hold rating on Enbridge (ENBResearch Report), with a price target of C$55.00. The company’s shares closed last Friday at $41.78.

According to TipRanks.com, CFA is a 2-star analyst with an average return of -1.6% and a 26.7% success rate. CFA covers the Industrial Goods sector, focusing on stocks such as Pembina Pipeline, Gibson Energy, and TC Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enbridge with a $48.93 average price target.

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The company has a one-year high of $47.67 and a one-year low of $36.21. Currently, Enbridge has an average volume of 3.92M.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ENB in relation to earlier this year.

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Enbridge, Inc. is a Canadian energy infrastructure company that transports crude and other liquid hydrocarbons. The pipeline giant is also engaged in renewable power generation, gas distribution and storage as well as energy marketing services.

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