Evercore ISI Maintains Their Hold Rating on Enbridge (ENB)

By Jason Carr

In a report released yesterday, Dan Walk from Evercore ISI maintained a Hold rating on Enbridge (ENBResearch Report), with a price target of $48.00. The company’s shares closed last Monday at $37.76, close to its 52-week high of $38.04.

According to TipRanks.com, Walk is a 1-star analyst with an average return of -2.6% and a 50.0% success rate. Walk covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners, Magellan Midstream, and Oneok.

Currently, the analyst consensus on Enbridge is a Moderate Buy with an average price target of $43.67, representing a 16.3% upside. In a report released yesterday, Wolfe Research also maintained a Hold rating on the stock with a $38.00 price target.

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The company has a one-year high of $38.04 and a one-year low of $28.82. Currently, Enbridge has an average volume of 3.19M.

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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.