Enbridge Inc. (TSE:ENB) Receives C$71.31 Average Price Target from Brokerages

Shares of Enbridge Inc. (TSE:ENB) (NYSE:ENB) have received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$71.31.

ENB has been the topic of several analyst reports. CIBC lowered their price target on Enbridge from C$71.00 to C$69.00 in a report on Wednesday, December 17th. Royal Bank Of Canada upped their price objective on shares of Enbridge from C$67.00 to C$72.00 in a report on Monday, November 10th. JPMorgan Chase & Co. lowered shares of Enbridge from an “overweight” rating to a “neutral” rating and lowered their target price for the company from C$74.00 to C$69.00 in a research note on Tuesday, January 27th. Jefferies Financial Group cut their target price on shares of Enbridge from C$73.00 to C$71.00 in a research report on Tuesday, December 23rd. Finally, BMO Capital Markets upped their price target on shares of Enbridge from C$67.00 to C$70.00 in a report on Thursday, December 4th.

Enbridge Price Performance

TSE ENB opened at C$67.27 on Friday. Enbridge has a fifty-two week low of C$56.51 and a fifty-two week high of C$70.39. The stock’s 50-day moving average is C$65.49 and its two-hundred day moving average is C$66.04. The firm has a market cap of C$146.85 billion, a P/E ratio of 26.38, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44.

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

Enbridge Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were paid a dividend of $0.9425 per share. The ex-dividend date was Friday, November 14th. This represents a $3.77 annualized dividend and a yield of 5.6%. Enbridge’s dividend payout ratio is presently 146.76%.

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.