Are Analysts Bearish Enbridge Inc. (NYSE:ENB) After Last Week?

November 10, 2018 - By Ellis Scott

Enbridge Inc. (NYSE:ENB) Logo

Enbridge Inc. (NYSE:ENB) Ratings Coverage

Among 6 analysts covering Enbridge Inc (NYSE:ENB), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Enbridge Inc had 6 analyst reports since May 22, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, August 17 by Bank of America. The firm has “Outperform” rating given on Tuesday, November 6 by Wells Fargo. The rating was maintained by Morgan Stanley on Friday, July 13 with “Equal-Weight”. The firm has “Neutral” rating by Citigroup given on Monday, September 24. IBC maintained the stock with “Buy” rating in Tuesday, May 22 report. The firm earned “Outperform” rating on Thursday, June 14 by BMO Capital Markets. Below is a list of Enbridge Inc. (NYSE:ENB) latest ratings and price target changes.

06/11/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Upgrade
24/09/2018 Broker: Citigroup Rating: Neutral Maintain
17/08/2018 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
13/07/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $34 New Target: $37 Maintain
14/06/2018 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Outperform Old Target: $61 New Target: $59 Maintain
22/05/2018 Broker: IBC Rating: Buy New Target: $57.0000 Maintain

The stock decreased 0.21% or $0.07 during the last trading session, reaching $32.83. About 6.47M shares traded or 81.65% up from the average. Enbridge Inc. (NYSE:ENB) has declined 16.60% since November 10, 2017 and is downtrending. It has underperformed by 32.22% the S&P500.

Enbridge Inc. engages in energy transportation activities in the United States and Canada. The company has market cap of $56.49 billion. It operates through five divisions: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. It has a 29.29 P/E ratio. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids , and refined products pipelines and terminals.

More notable recent Enbridge Inc. (NYSE:ENB) news were published by: Seekingalpha.com which released: “Enbridge declares CAD 0.67 dividend” on November 02, 2018, also Seekingalpha.com with their article: “Enbridge (ENB) Q3 2018 Results – Earnings Call Transcript” published on November 02, 2018, Seekingalpha.com published: “The Perfect Growth-At-A-Ridiculous-Price Aristocrat” on November 06, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Seekingalpha.com and their article: “Enbridge: Takeaways From Q3 Results” published on November 07, 2018 as well as Fool.com‘s news article titled: “Could Enbridge Inc. Be a Millionaire-Maker Stock?” with publication date: October 25, 2018.

Enbridge Inc. (NYSE:ENB) Ratings Chart

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