In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Enbridge (ENB), with a price target of C$40.00. The company’s shares closed last Monday at $27.31, close to its 52-week low of $25.59.
According to TipRanks.com, Byrd is a 1-star analyst with an average return of -1.7% and a 51.3% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Public Service Enterprise, and American Electric Power.
Enbridge has an analyst consensus of Moderate Buy, with a price target consensus of $42.09.
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Enbridge’s market cap is currently $62.64B and has a P/E ratio of 13.77. The company has a Price to Book ratio of 1.23.
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Enbridge, Inc. engages in the provision of gas and oil businesses. It operates through the following segments: Liquid Pipelines, Gas Distribution, Gas Transmission and Midstream, Green Power and Transmission and Energy Services.
