National Bank Financial Reiterates “C$81.00” Price Target for Enbridge (TSE:ENB)

Enbridge (TSE:ENB) (NYSE:ENB) has been assigned a C$81.00 price objective by equities researchers at National Bank Financial in a research note issued to investors on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 16.33% from the company’s current price.

ENB has been the subject of several other reports. Canadian Imperial Bank of Commerce upgraded Enbridge from a “hold” rating to an “outperformer” rating and boosted their price objective for the company from C$77.00 to C$78.00 in a research report on Friday, August 28th. US Capital Advisors upgraded shares of Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Jefferies Financial Group lowered their price objective on shares of Enbridge from C$79.00 to C$70.00 in a research report on Tuesday, September 1st. TD raised their price objective on shares of Enbridge from C$79.00 to C$81.00 and gave the stock a “hold” rating in a report on Thursday, June 25th. Finally, Scotiabank increased their target price on Enbridge from C$78.00 to C$84.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$76.25.

Enbridge Trading Down 0.1%

Shares of ENB stock traded down C$0.06 on Wednesday, hitting C$69.63. The stock had a trading volume of 1,197,810 shares, compared to its average volume of 8,483,974. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 171.59. Enbridge has a twelve month low of C$62.42 and a twelve month high of C$80.65. The company has a fifty day moving average price of C$74.14 and a two-hundred day moving average price of C$74.85. The firm has a market cap of C$152.08 billion, a P/E ratio of 26.88, a PEG ratio of 1.72 and a beta of 0.69.

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 firm had revenue of C$29.32 billion for the quarter. As a group, analysts forecast that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Key Stories Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: CIBC turned bullish on Enbridge following the KKR-Apollo deal, improving the analyst outlook and potentially supporting the stock’s valuation. The change in sentiment is a positive catalyst, although the available report does not specify a new price target. CIBC Turns Bullish on Enbridge After KKR-Apollo Deal
• Neutral Sentiment: Enbridge said President and CEO Greg Ebel will retire at the end of 2026, with company veteran Michele Harradence appointed as his successor. Harradence’s insider status and industry experience suggest strategic continuity, but leadership changes can still create short-term uncertainty as investors assess future capital-allocation and growth priorities. Enbridge Names Michele Harradence as CEO as Greg Ebel Retires
• Negative Sentiment: Federal data reportedly identifies an Enbridge leak as the largest reported oil and gas spill in Wisconsin. The report could increase regulatory, remediation and reputational risks, potentially adding costs or legal uncertainty for the pipeline operator. Federal Data Shows Enbridge Leak Is the Largest Reported Oil and Gas Spill in Wisconsin

About Enbridge

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.