Enbridge (TSE:ENB) PT Set at C$81.00 by National Bank Financial

Enbridge (TSE:ENB) (NYSE:ENB) has been given a C$81.00 price target by analysts at National Bank Financial in a report released on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 16.33% from the company’s previous close.

ENB has been the topic of several other research reports. TD upped their price objective on Enbridge from C$79.00 to C$81.00 and gave the company a “hold” rating in a research note on Thursday, June 25th. US Capital Advisors raised shares of Enbridge from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Raymond James Financial downgraded shares of Enbridge from a “moderate buy” rating to a “hold” rating in a report on Friday, July 31st. Scotiabank raised their target price on shares of Enbridge from C$78.00 to C$84.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group decreased their price target on shares of Enbridge from C$79.00 to C$70.00 in a research note on Tuesday, September 1st. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$76.25.

Enbridge Stock Down 0.1%

Shares of TSE:ENB traded down C$0.06 during midday trading on Wednesday, hitting C$69.63. The stock had a trading volume of 1,197,810 shares, compared to its average volume of 8,483,974. Enbridge has a 12 month low of C$62.42 and a 12 month high of C$80.65. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 171.59. The business’s 50-day simple moving average is C$74.14 and its 200-day simple moving average is C$74.85. The company has a market cap of C$152.08 billion, a P/E ratio of 26.88, a PEG ratio of 1.72 and a beta of 0.69.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings results on Friday, July 31st. The company reported C$0.63 earnings per share (EPS) for the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%. The firm had revenue of C$29.32 billion for the quarter. On average, sell-side analysts forecast that Enbridge will post 3.511912 earnings per share for the current fiscal year.

More Enbridge News

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: CIBC turned bullish on Enbridge following the KKR-Apollo deal, improving the analyst outlook and potentially supporting the stock’s valuation. The change in sentiment is a positive catalyst, although the available report does not specify a new price target. CIBC Turns Bullish on Enbridge After KKR-Apollo Deal
• Neutral Sentiment: Enbridge said President and CEO Greg Ebel will retire at the end of 2026, with company veteran Michele Harradence appointed as his successor. Harradence’s insider status and industry experience suggest strategic continuity, but leadership changes can still create short-term uncertainty as investors assess future capital-allocation and growth priorities. Enbridge Names Michele Harradence as CEO as Greg Ebel Retires
• Negative Sentiment: Federal data reportedly identifies an Enbridge leak as the largest reported oil and gas spill in Wisconsin. The report could increase regulatory, remediation and reputational risks, potentially adding costs or legal uncertainty for the pipeline operator. Federal Data Shows Enbridge Leak Is the Largest Reported Oil and Gas Spill in Wisconsin

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.