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Tudor Pickering Downgrades Enbridge (ENB) to Hold

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Enbridge (ENBResearch Report) received a Hold rating and a C$53.00 price target from Tudor Pickering analyst Tudor Pickering yesterday. The company’s shares closed last Friday at $40.81.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enbridge with a $45.16 average price target, representing an 8.8% upside. In a report issued on January 7, Morgan Stanley also downgraded the stock to Hold with a C$60.00 price target.

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The company has a one-year high of $43.35 and a one-year low of $33.41. Currently, Enbridge has an average volume of 5.62M.

Based on the recent corporate insider activity of 56 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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