Enbridge Inc. (TSE:ENB) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$70.92.

A number of equities analysts have recently commented on ENB shares. Royal Bank Of Canada boosted their price objective on Enbridge from C$67.00 to C$72.00 in a research report on Monday, November 10th. Raymond James Financial boosted their target price on shares of Enbridge from C$74.00 to C$76.00 in a research note on Monday, November 10th. Scotiabank raised their price target on Enbridge from C$65.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Barclays lifted their price target on Enbridge from C$65.00 to C$68.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Finally, BMO Capital Markets increased their price objective on Enbridge from C$67.00 to C$70.00 in a report on Thursday, December 4th.

Enbridge Stock Performance

TSE:ENB opened at C$64.66 on Friday. The company has a fifty day simple moving average of C$66.57 and a two-hundred day simple moving average of C$65.29. The company has a market cap of C$141.15 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. Enbridge has a 52 week low of C$56.51 and a 52 week high of C$70.39.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.46 earnings per share for the quarter. The business had revenue of C$14.64 billion for the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%. As a group, equities analysts anticipate that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, December 1st were paid a $0.9425 dividend. This represents a $3.77 annualized dividend and a yield of 5.8%. The ex-dividend date was Friday, November 14th. Enbridge’s dividend payout ratio is currently 146.76%.

Enbridge Company Profile

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.