Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) had its price objective cut by equities research analysts at Jefferies Financial Group from C$54.00 to C$53.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 15.49% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Barclays reduced their price target on shares of Enbridge from C$53.00 to C$51.00 in a report on Thursday, March 7th. National Bankshares boosted their target price on Enbridge from C$51.00 to C$52.00 in a research report on Thursday, March 7th. Stifel Nicolaus set a C$52.00 price objective on Enbridge and gave the stock a “hold” rating in a research note on Thursday, January 18th. ATB Capital set a C$56.00 price target on shares of Enbridge and gave the stock an “outperform” rating in a research report on Friday, January 5th. Finally, Royal Bank of Canada lowered their price objective on shares of Enbridge from C$55.00 to C$54.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Enbridge has an average rating of “Moderate Buy” and an average target price of C$53.59.
Get Our Latest Stock Analysis on ENB
Enbridge Price Performance
Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) last announced its quarterly earnings data on Friday, February 9th. The company reported C$0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.04). The company had revenue of C$11.30 billion for the quarter, compared to analysts’ expectations of C$12.99 billion. Enbridge had a net margin of 14.18% and a return on equity of 9.47%. As a group, equities analysts predict that Enbridge will post 2.8389626 EPS for the current year.
About Enbridge
Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
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