National Bank Financial Analysts Give Enbridge (TSE:ENB) a C$81.00 Price Target

National Bank Financial set a C$81.00 price target on Enbridge (TSE:ENB) (NYSE:ENB) in a research note published on Wednesday, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Raymond James Financial cut Enbridge from a “moderate buy” rating to a “hold” rating in a report on Friday, July 31st. TD upped their price objective on shares of Enbridge from C$79.00 to C$81.00 and gave the company a “hold” rating in a research note on Thursday, June 25th. Scotiabank increased their target price on shares of Enbridge from C$78.00 to C$84.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 21st. Jefferies Financial Group reduced their target price on shares of Enbridge from C$79.00 to C$70.00 in a report on Tuesday, September 1st. Finally, US Capital Advisors upgraded shares of Enbridge from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Enbridge currently has a consensus rating of “Moderate Buy” and an average target price of C$76.25.

Enbridge Stock Down 0.8%

ENB opened at C$66.23 on Wednesday. The business’s fifty day simple moving average is C$73.57 and its 200 day simple moving average is C$74.75. Enbridge has a 52 week low of C$62.42 and a 52 week high of C$80.65. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 171.59. The stock has a market cap of C$144.65 billion, a PE ratio of 25.57, a P/E/G ratio of 1.72 and a beta of 0.69.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.63 earnings per share (EPS) for the quarter. Enbridge had a return on equity of 10.01% and a net margin of 7.28%.The firm had revenue of C$29.32 billion during the quarter. As a group, research analysts expect that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 5.9%. The ex-dividend date was Friday, August 14th. Enbridge’s dividend payout ratio (DPR) is presently 147.68%.

More Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Enbridge agreed to acquire the Pony Express Pipeline and other assets from Tallgrass. The transaction would expand Enbridge’s U.S. crude-oil transportation footprint and could strengthen its long-term cash-flow-generating infrastructure portfolio. Enbridge to acquire Pony Express Pipeline and other assets from Tallgrass
• Positive Sentiment: National Bank Financial set a C$81.00 price target for Enbridge, implying meaningful potential upside from the stock’s recent level and signaling confidence in the company’s valuation and earnings outlook. Enbridge price target set at C$81 by National Bank Financial
• Neutral Sentiment: A market commentary article attributed Enbridge’s strong downward trend to ongoing technical weakness and investor concerns, suggesting that selling pressure may persist even though the company remains a major, diversified energy-infrastructure operator. Why Enbridge stock is in a strong downward trend
• Negative Sentiment: Wisconsin regulators reportedly directed Enbridge to halt work on a temporary bypass after a natural-gas leak, raising concerns about project delays, compliance costs and additional scrutiny of Line 5. Wisconsin DNR asks Enbridge to halt Line 5 bypass work
• Negative Sentiment: Wisconsin groups called on Governor Tony Evers to stop Line 5 following a reported major spill, while Michigan Governor Gretchen Whitmer urged Enbridge to shut down the pipeline and described it as a threat to the Great Lakes. These developments increase the risk of litigation, permitting setbacks, operating restrictions and potentially costly remediation. Wisconsin groups call on Evers to halt Enbridge Line 5 Whitmer urges Enbridge to shut down Line 5
• Negative Sentiment: Michigan officials are reconsidering permits for the Line 5 tunnel project after a court ruling, adding uncertainty to the timeline and future cost of the company’s planned replacement infrastructure. Whitmer administration to reconsider Enbridge Line 5 tunnel permits

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.