Enbridge (TSE:ENB) Raised to Moderate Buy at Raymond James

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB was upgraded by analysts at Raymond James to a "moderate buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.Is Enbridge Stock Too Cheap to Pass Up Now?ENB has been the topic of a number of other research reports. Jefferies Financial Group increased their target price on Enbridge from C$59.00 to C$65.00 in a report on Thursday, January 30th. Barclays boosted their target price on shares of Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. Scotiabank raised their price target on shares of Enbridge from C$61.00 to C$65.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. CIBC boosted their price objective on shares of Enbridge from C$66.00 to C$67.00 in a research report on Wednesday, March 5th. Finally, TD Securities lifted their target price on shares of Enbridge from C$66.00 to C$67.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Enbridge currently has an average rating of "Hold" and a consensus target price of C$65.79.Read Our Latest Report on ENBEnbridge Stock Performance5 Best High-Yield Dividend Stocks for Any Economic ClimateTSE:ENB opened at C$64.01 on Wednesday. Enbridge has a twelve month low of C$47.41 and a twelve month high of C$65.62. The company has a market capitalization of C$138.72 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The firm has a 50-day moving average price of C$61.58 and a two-hundred day moving average price of C$60.84. Insider Buying and Selling at EnbridgeIn other Enbridge news, Senior Officer Michele Eva Harradence acquired 5,857 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was bought at an average cost of C$62.53 per share, for a total transaction of C$366,238.21. Also, Senior Officer Matthew Allan Akman acquired 1,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of C$61.24 per share, with a total value of C$61,240.00. 0.10% of the stock is owned by company insiders. Enbridge Company Profile (Get Free Report)Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company.Recommended StoriesFive stocks we like better than EnbridgeWhat is a Stock Market Index and How Do You Use Them?Short Sellers Gave Up on These 3 Names RecentlyInvesting In Preferred Stock vs. Common Stock3 Boring Stocks Outperforming the Market This Year3 Warren Buffett Stocks to Buy NowIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To BuyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Enbridge Right Now?Before you consider Enbridge, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enbridge wasn't on the list.While Enbridge currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here