Enbridge Inc. (TSE:ENB) Receives C$71.17 Consensus PT from Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$71.17.

Several equities research analysts have commented on ENB shares. Raymond James Financial upped their price target on shares of Enbridge from C$74.00 to C$76.00 in a report on Monday, November 10th. National Bankshares lifted their target price on shares of Enbridge from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. CIBC lowered their price target on shares of Enbridge from C$71.00 to C$69.00 in a report on Wednesday, December 17th. ATB Capital set a C$72.00 price target on shares of Enbridge and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Finally, Jefferies Financial Group decreased their price objective on shares of Enbridge from C$73.00 to C$71.00 in a research report on Tuesday, December 23rd.

Enbridge Price Performance

TSE ENB opened at C$63.54 on Wednesday. The company has a market cap of C$138.71 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44. The stock’s fifty day moving average price is C$66.00 and its 200 day moving average price is C$65.46. Enbridge has a 1 year low of C$56.51 and a 1 year high of C$70.39.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.46 earnings per share (EPS) for the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%.The firm had revenue of C$14.64 billion during the quarter. As a group, equities research analysts forecast that Enbridge will post 3.511912 earnings per share for the current year.

Enbridge Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were issued a $0.9425 dividend. This represents a $3.77 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Friday, November 14th. Enbridge’s payout ratio is presently 146.76%.

About Enbridge

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company. Finally, the firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.