Enbridge Inc (ENB) Receives C$55.30 Average Target Price from Analysts

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Enbridge Inc (TSE:ENB) (NYSE:ENB) has received a consensus recommendation of “Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$55.30.

Several equities analysts have recently commented on the company. National Bank Financial raised Enbridge from a “sector perform overweight” rating to an “outperform overweight” rating in a research note on Wednesday, March 20th. CSFB reaffirmed an “outperform” rating and issued a C$55.00 price target on shares of Enbridge in a research note on Monday, March 4th. BMO Capital Markets decreased their target price on Enbridge from C$59.00 to C$57.00 in a research note on Monday, March 4th. TD Securities increased their target price on Enbridge from C$56.00 to C$57.00 in a research note on Tuesday, February 19th. Finally, UBS Group lowered Enbridge from a “buy” rating to a “neutral” rating in a research note on Friday, February 8th.

In other news, Director Albert Monaco purchased 7,806 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average price of C$49.33 per share, for a total transaction of C$385,069.98. Following the purchase, the director now directly owns 813,101 shares of the company’s stock, valued at approximately C$40,110,272.33.

TSE ENB opened at C$49.62 on Friday. The firm has a market cap of $100.39 billion and a price-to-earnings ratio of 34.01. The company has a current ratio of 0.58, a quick ratio of 0.45 and a debt-to-equity ratio of 88.72. Enbridge has a fifty-two week low of C$37.36 and a fifty-two week high of C$50.01.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings results on Friday, February 15th. The company reported C$0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.60 by C$0.05. The business had revenue of C$11.56 billion during the quarter. Equities analysts anticipate that Enbridge will post 2.81000005790303 EPS for the current year.

Enbridge Company Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

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Analyst Recommendations for Enbridge (TSE:ENB)

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