Here's Where Things Went Wrong for Enbridge Inc in 2017
Enbridge (NYSE: ENB) disappointed investors this year. Through mid-December, the stock was down more than 8%, though after factoring in its lucrative dividend, this year's loss shrinks to about 4%. That still represents significant underperformance compared to the red-hot stock market, which was up more than 20% this year.
Here's a look at the factors that weighed on Enbridge this year, and why that slump only makes the stock a more compelling buy for income-seekers.
Image source: Getty Images.
Source: Fool.com
Enbridge Inc. Stock
€33.91
0.210%
With 6 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 53 € shows a very positive potential of 56.32% compared to the current price of 33.91 € for Enbridge Inc..
