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Enbridge (ENB) Receives a Rating Update from a Top Analyst

RBC Capital analyst Robert Kwan maintained a Buy rating on Enbridge (ENBResearch Report) on September 16 and set a price target of C$65.00. The company’s shares closed yesterday at $41.35.

According to TipRanks, Kwan is a top 100 analyst with an average return of 13.9% and a 72.14% success rate.

Enbridge has an analyst consensus of Moderate Buy, with a price target consensus of $45.68, representing a 10.47% upside. In a report released on September 12, Raymond James also upgraded the stock to a Buy with a C$60.00 price target.

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The company has a one-year high of $46.94 and a one-year low of $34.56. Currently, Enbridge has an average volume of 3.02M.

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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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