Enbridge Inc (ENB) Receives C$60.64 Average Price Target from Brokerages
Shares of Enbridge Inc (TSE:ENB) have been given an average recommendation of “Buy” by the fifteen analysts that are covering the stock. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$60.64.
Several research analysts have commented on ENB shares. Scotiabank reaffirmed an “outperform” rating and set a C$61.00 target price on shares of Enbridge in a report on Friday, November 4th. Goldman Sachs Group Inc. raised Enbridge from a “neutral” rating to a “buy” rating and lifted their target price for the stock from C$56.00 to C$63.00 in a report on Thursday, September 8th. Bank of America Corp. reaffirmed a “neutral” rating and set a C$56.00 target price on shares of Enbridge in a report on Thursday, September 1st. National Bank Financial raised Enbridge from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$61.00 to C$63.00 in a report on Wednesday, September 7th. Finally, Canaccord Genuity lifted their target price on Enbridge from C$57.00 to C$60.00 and gave the stock a “buy” rating in a report on Wednesday, September 7th.
Enbridge (TSE:ENB) opened at 55.12 on Friday. The company has a market capitalization of $51.74 billion and a P/E ratio of 27.91. Enbridge has a 12-month low of $40.03 and a 12-month high of $59.19. The company’s 50 day moving average price is $57.43 and its 200-day moving average price is $54.64.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Thursday, November 10th.
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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