Enbridge (TSE:ENB) Price Target Raised to C$80.00

Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) had its target price hoisted by equities researchers at Raymond James Financial from C$79.00 to C$80.00 in a note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 18.55% from the company’s current price.

ENB has been the topic of several other research reports. National Bank Financial set a C$81.00 price objective on Enbridge and gave the stock an “outperform” rating in a report on Wednesday, September 9th. TD upped their target price on Enbridge from C$79.00 to C$81.00 and gave the company a “hold” rating in a research note on Thursday, June 25th. Canadian Imperial Bank of Commerce upgraded Enbridge from a “hold” rating to an “outperformer” rating and increased their target price for the stock from C$77.00 to C$78.00 in a research report on Friday, August 28th. Jefferies Financial Group decreased their price target on Enbridge from C$79.00 to C$70.00 in a research note on Tuesday, September 1st. Finally, US Capital Advisors upgraded Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$77.62.

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Enbridge Trading Up 0.7%

Shares of ENB traded up C$0.45 on Tuesday, hitting C$67.48. 2,607,367 shares of the stock traded hands, compared to its average volume of 8,622,322. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 171.59. The firm has a market capitalization of C$147.38 billion, a P/E ratio of 26.05, a P/E/G ratio of 1.72 and a beta of 0.69. The stock’s 50 day moving average is C$73.40 and its two-hundred day moving average is C$74.74. Enbridge has a 1 year low of C$62.42 and a 1 year high of C$80.65.

Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) last announced its earnings results on Friday, July 31st. The company reported C$0.63 earnings per share (EPS) for the quarter. The firm had revenue of C$29.32 billion for the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%. As a group, sell-side analysts predict that Enbridge will post 3.511912 earnings per share for the current year.

Enbridge Company Profile

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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.

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