Analysts Set Enbridge Inc. (TSE:ENB) PT at C$76.00

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has received a consensus rating of “Hold” from the twelve brokerages that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$76.00.

ENB has been the subject of several research reports. National Bank Financial lifted their price target on Enbridge from C$73.00 to C$81.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Royal Bank Of Canada raised their target price on Enbridge from C$76.00 to C$79.00 and gave the company an “outperform” rating in a report on Monday, May 11th. TD upped their price objective on shares of Enbridge from C$79.00 to C$81.00 and gave the stock a “hold” rating in a research report on Thursday, June 25th. US Capital Advisors raised Enbridge from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 20th. Finally, Raymond James Financial downgraded Enbridge from a “moderate buy” rating to a “hold” rating in a report on Friday, July 31st.

Enbridge Stock Performance

TSE ENB opened at C$69.36 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 171.59. The firm’s fifty day moving average price is C$76.02 and its two-hundred day moving average price is C$74.89. The firm has a market capitalization of C$151.49 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.72 and a beta of 0.74. Enbridge has a 1 year low of C$62.42 and a 1 year high of C$80.65.

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

Enbridge Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a yield of 5.6%. Enbridge’s dividend payout ratio is 147.68%.

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.