Enbridge Inc (ENB) Expected to Earn Q3 2016 Earnings of $0.49 Per Share
Enbridge Inc (TSE:ENB) – National Bank Financial issued their Q3 2016 earnings estimates for shares of Enbridge in a report issued on Wednesday. National Bank Financial analyst P. Kenny forecasts that the brokerage will earn $0.49 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $63.00 price objective on the stock.
ENB has been the subject of several other research reports. Scotiabank set a C$61.00 price objective on shares of Enbridge and gave the company an “outperform” rating in a report on Monday, September 12th. FirstEnergy Capital raised shares of Enbridge from a “market perform” rating to an “outperform” rating and increased their price objective for the company from C$55.00 to C$68.00 in a report on Wednesday, September 7th. Bank of America Corp. reissued a “neutral” rating and set a C$56.00 price objective on shares of Enbridge in a report on Thursday, September 1st. Royal Bank Of Canada reissued an “outperform” rating and set a C$64.00 price objective on shares of Enbridge in a report on Tuesday, June 28th. Finally, Canaccord Genuity increased their price objective on shares of Enbridge from C$57.00 to C$60.00 and gave the company a “buy” rating in a report on Wednesday, September 7th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Enbridge has an average rating of “Buy” and a consensus target price of C$60.87.
Enbridge (TSE:ENB) opened at 57.80 on Friday. The stock has a market cap of $54.00 billion and a P/E ratio of 39.86. The company’s 50-day moving average price is $56.57 and its 200-day moving average price is $53.76. Enbridge has a one year low of $40.03 and a one year high of $59.19.
Enbridge Company Profile
Enbridge Inc (Enbridge) is an energy transportation and distribution company. The Company operates through five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Company operates the crude oil and liquids transportation system in Canada and the United States.
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