Enbridge Inc – Consensus Indicates Potential 8.3% Upside

Broker Ratings

Enbridge Inc with ticker code (ENB) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 49.08 and 31.16 and has a mean target at 41.66. With the stocks previous close at 38.48 this indicates there is a potential upside of 8.3%. The 50 day MA is 38.36 and the 200 moving average now moves to 35.29. The market cap for the company is $78,358m. Company Website: http://www.enbridge.com

Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines, and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; and physical commodity marketing and logistical services in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

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