Enbridge Inc (TSE:ENB)‘s stock had its “outperform” rating restated by RBC Capital in a report released on Thursday, AnalystRatings.NET reports. They currently have a C$71.00 price objective on the stock. RBC Capital’s price objective suggests a potential upside of 49.73% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. CIBC dropped their target price on shares of Enbridge from C$67.00 to C$65.00 in a report on Friday, November 6th. BMO Capital Markets dropped their price objective on shares of Enbridge from C$66.00 to C$63.00 and set an “outperform” rating on the stock in a report on Friday, November 6th. National Bank Financial lowered shares of Enbridge from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$67.00 to C$65.00 in a report on Friday, November 6th. Scotiabank dropped their price objective on shares of Enbridge from C$74.00 to C$70.00 and set an “outperform” rating on the stock in a report on Friday, November 6th. Finally, Barclays dropped their price objective on shares of Enbridge from C$68.00 to C$62.00 in a report on Monday, January 11th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Enbridge currently has a consensus rating of “Buy” and an average target price of C$64.58.

In other Enbridge news, Director Dan Curtis Tutcher sold 14,200 shares of the company’s stock in a transaction dated Monday, December 28th. The shares were sold at an average price of C$33.02, for a total value of C$468,884.00. Also, Director Rebecca Brown Roberts acquired 2,700 shares of Enbridge stock in a transaction on Wednesday, November 18th. The stock was purchased at an average cost of C$37.13 per share, with a total value of C$100,252.89.

Shares of Enbridge (TSE:ENB) opened at 47.42 on Thursday. The firm’s market capitalization is $40.95 billion. The company has a 50-day moving average of $44.16 and a 200 day moving average of $51.31. Enbridge has a 52 week low of $40.03 and a 52 week high of $66.14.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 1st. Stockholders of record on Tuesday, February 16th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 4.47%.

Enbridge Inc. (TSE:ENB) 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 Company’s natural gas utility operations. Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, gathering and processing facilities and the Company’s energy services businesses, along with renewable energy and transmission facilities. Sponsored Investments includes the Company’s 33.7% economic interest in Enbridge Energy Partners, L.P. (EEP), and Enbridge’s 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.

Receive News & Ratings for Enbridge Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Inc and related companies with MarketBeat.com's FREE daily email newsletter.