Brokerages Set Enbridge Inc (ENB) Price Target at $54.50

Share on StockTwits

Enbridge Inc (TSE:ENB) (NYSE:ENB) has earned a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$54.30.

ENB has been the topic of a number of analyst reports. BMO Capital Markets cut their target price on Enbridge from C$63.00 to C$61.00 in a research note on Friday, March 16th. Scotiabank cut their target price on Enbridge from C$59.00 to C$57.00 and set an “outperform” rating on the stock in a research note on Friday, March 16th. Royal Bank of Canada cut their target price on Enbridge from C$59.00 to C$54.00 and set an “outperform” rating on the stock in a research note on Friday, May 11th. Mizuho reaffirmed a “neutral” rating and set a C$45.00 target price on shares of Enbridge in a research note on Thursday, March 29th. Finally, CIBC cut their target price on Enbridge from C$63.00 to C$60.00 in a research note on Friday, March 16th.

Enbridge traded down C$0.38, hitting C$41.90, during trading hours on Monday, according to MarketBeat Ratings. 510,901 shares of the company were exchanged, compared to its average volume of 3,482,055. Enbridge has a 52 week low of C$37.36 and a 52 week high of C$53.02.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Thursday, May 10th. The company reported C$1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.62 by C$0.42. Enbridge had a return on equity of 6.04% and a net margin of 11.00%. The company had revenue of C$16.09 billion for the quarter, compared to analysts’ expectations of C$13.17 billion.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th were paid a dividend of $0.671 per share. The ex-dividend date was Monday, May 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 6.41%.

In related news, insider Bradley Francis Shamla sold 1,610 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of C$42.75, for a total value of C$68,827.50.

Enbridge Company Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates in five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

Analyst Recommendations for Enbridge (TSE:ENB)

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand
Yankees Former Ace Ron Guidry Says Luis Severino Will Break His Records
Yankees Former Ace Ron Guidry Says Luis Severino Will Break His Records
Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Dodgers Getting Big Unexpected Lift from Three Players
Dodgers Getting Big Unexpected Lift from Three Players


Leave a Reply

 
© 2006-2018 BBNS.