Enbridge Inc (ENB) Receives a Buy from Wells Fargo

By Carrie Williams

In a report released yesterday, Praneeth Satish from Wells Fargo maintained a Buy rating on Enbridge Inc (ENBResearch Report). The company’s shares closed on Friday at $35.82.

According to TipRanks.com, Satish is a 1-star analyst with an average return of -9.0% and a 53.3% success rate. Satish covers the Basic Materials sector, focusing on stocks such as CNX Midstream Partners LP, TransMontaigne, and PBF Logistics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Enbridge Inc.

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Enbridge Inc’s market cap is currently $64.26B and has a P/E ratio of 47.81. The company has a Price to Book ratio of 1.57.

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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 Distribution, Green Power and Transmission, Energy Services, and Eliminations and Other.