Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) had its price objective increased by equities research analysts at Royal Bank Of Canada from C$76.00 to C$79.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 5.84% from the stock’s previous close.
A number of other equities analysts have also issued reports on ENB. National Bank Financial raised their target price on Enbridge from C$71.00 to C$72.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 17th. Barclays increased their price target on Enbridge from C$68.00 to C$73.00 in a research report on Tuesday, April 7th. TD Securities downgraded Enbridge from a “buy” rating to a “hold” rating and increased their price target for the stock from C$70.00 to C$72.00 in a research report on Tuesday, February 17th. Scotiabank increased their price target on Enbridge from C$77.00 to C$78.00 and gave the stock a “sector outperform” rating in a research report on Monday. Finally, JPMorgan Chase & Co. downgraded Enbridge from an “overweight” rating to a “neutral” rating and cut their price target for the stock from C$74.00 to C$69.00 in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$74.27.
View Our Latest Research Report on Enbridge
Enbridge Stock Up 1.8%
Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) last issued its quarterly earnings data on Friday, May 8th. The company reported C$0.98 EPS for the quarter. Enbridge had a return on equity of 11.41% and a net margin of 9.73%.The firm had revenue of C$22.36 billion during the quarter. As a group, sell-side analysts anticipate that Enbridge will post 3.511912 earnings per share for the current year.
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.
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