Enbridge Inc (ENB)

[Timothy Smith]

Reasons to be bullish in my opinion.

Finviz has a price target for Enbridge at $48.95

Goldman Sachs analyst Theodore Durbin increased his price target to $46.00.

Recently, Deutsche Bank gave the company a "buy" rating and increased its target to $49.00

Since 2008, the average P/E ratio for Enbridge has been 21.46. As the company has averaged a P/E of 21.46 and is expected to have an EPS in 2014 of approximately $2.14, this would give the stock a price target of around $45.92.