Enbridge (TSE:ENB) Price Target Raised to C$73.00

Enbridge (TSE:ENB) (NYSE:ENB) had its target price hoisted by equities research analysts at Barclays from C$68.00 to C$73.00 in a report issued on Tuesday,BayStreet.CA reports. Barclays‘s price target would indicate a potential downside of 3.17% from the company’s previous close.

ENB has been the topic of several other reports. TD Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating and upped their target price for the stock from C$70.00 to C$72.00 in a research note on Tuesday, February 17th. Raymond James Financial upped their target price on shares of Enbridge from C$75.00 to C$77.00 and gave the stock a “moderate buy” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada upped their target price on shares of Enbridge from C$72.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. downgraded shares of Enbridge from an “overweight” rating to a “neutral” rating and cut their target price for the stock from C$74.00 to C$69.00 in a research note on Tuesday, January 27th. Finally, Scotiabank boosted their price target on shares of Enbridge from C$73.00 to C$77.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$73.58.

Enbridge Trading Up 0.8%

Shares of Enbridge stock traded up C$0.61 on Tuesday, reaching C$75.39. The company had a trading volume of 1,560,821 shares, compared to its average volume of 8,273,445. The firm’s 50 day moving average price is C$72.01 and its two-hundred day moving average price is C$68.39. The firm has a market cap of C$164.53 billion, a PE ratio of 23.41, a PEG ratio of 1.72 and a beta of 0.79. Enbridge has a 52-week low of C$56.51 and a 52-week high of C$77.18. The company has a debt-to-equity ratio of 170.86, a quick ratio of 0.44 and a current ratio of 0.63.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, February 13th. The company reported C$0.88 earnings per share for the quarter. Enbridge had a net margin of 11.50% and a return on equity of 12.34%. The firm had revenue of C$17.18 billion for the quarter. Sell-side analysts predict that Enbridge will post 3.511912 earnings per share 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.