Enbridge (NYSE:ENB) shares traded in the red on Monday, snapping six consecutive days of gains. The stock closed up 1.74% at $37.70.
ENB stock rose about 5% in the last 12 months. YTD, the stock is trading up 3.7%, compared to the broader S&P 500 market which is up 15.8%.
Looking at Seeking Alpha’s Quant Ratings, this company has a Hold rating with a score of 3.27 out of 5.
When it comes to Wall Street analysis, 7 out of 21 analysts recommend a Strong Buy, 7 recommend a Hold, 5 recommend a Buy and 2 recommend a Strong Sell .
According to SA analyst Roberts Berzins, “Enbridge prioritizes growth over debt reduction and shareholder distributions, unlike peers.
Despite the ambitious growth agenda, the financial risks remain balanced, as well as the margin of safety is there for conservative dividend investors.”
Seeking Alpha analysts have a Buy rating on the company.
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