Enbridge (TSE:ENB) Price Target Raised to C$77.00 at Raymond James Financial

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective boosted by investment analysts at Raymond James Financial from C$75.00 to C$77.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 9.72% from the stock’s current price.

ENB has been the topic of several other research reports. National Bank Financial boosted their price target on Enbridge from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Scotiabank lifted their price target on Enbridge from C$73.00 to C$77.00 and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets lifted their target price on Enbridge from C$67.00 to C$70.00 in a research note on Thursday, December 4th. JPMorgan Chase & Co. cut shares of Enbridge from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from C$74.00 to C$69.00 in a research report on Tuesday, January 27th. Finally, TD Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating and upped their price target for the company from C$70.00 to C$72.00 in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Enbridge has a consensus rating of “Moderate Buy” and a consensus price target of C$73.31.

Enbridge Stock Down 4.3%

Shares of TSE:ENB traded down C$3.12 during trading on Tuesday, hitting C$70.18. 6,281,935 shares of the company’s stock traded hands, compared to its average volume of 8,972,060. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The company has a market cap of C$153.20 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95. The company has a 50-day moving average price of C$66.00 and a 200-day moving average price of C$66.57. Enbridge has a 52 week low of C$56.51 and a 52 week high of C$73.71.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, February 13th. The company reported C$0.88 earnings per share (EPS) for the quarter. The company had revenue of C$17.18 billion during the quarter. Enbridge had a net margin of 13.75% and a return on equity of 10.30%. As a group, research analysts forecast that Enbridge will post 3.511912 EPS for the current fiscal 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.