Enbridge (ENB) Received its Third Buy in a Row

By Ryan Adsit

Analysts have been quite happy with Enbridge (TSX: ENB) stock lately, with another positive rating update this time from Canaccord Genuity. Canaccord Genuity’s analyst David Galison reiterates their Buy rating on the shares today.

Galison has an average return of 3.5% when recommending Enbridge.

According to TipRanks.com, Galison is ranked #956 out of 4863 analysts.

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Currently, the analyst consensus on Enbridge is a Strong Buy with an average price target of C$57.

The company has a one-year high of C$52.59 and a one-year low of C$37.36. Currently, Enbridge has an average volume of 3.11M.

Enbridge, Inc. engages in the provision of gas and oil businesses. It operates through the following segments: Liquid Pipelines, Gas Distribution, Gas Distribution, Green Power and Transmission, Energy Services, and Eliminations and Other.

The company’s shares closed on Thursday at C$47.12.