Jefferies Financial Group Trims Enbridge (TSE:ENB) Target Price to C$53.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price target dropped by research analysts at Jefferies Financial Group from C$54.00 to C$53.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 13.56% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada decreased their target price on Enbridge from C$55.00 to C$54.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. National Bankshares lifted their target price on Enbridge from C$51.00 to C$52.00 in a research report on Thursday, March 7th. Stifel Nicolaus set a C$52.00 target price on Enbridge and gave the company a “hold” rating in a research report on Thursday, January 18th. ATB Capital set a C$56.00 target price on Enbridge and gave the company an “outperform” rating in a research report on Friday, January 5th. Finally, Barclays reduced their price target on Enbridge from C$53.00 to C$51.00 in a research report on Thursday, March 7th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Enbridge currently has a consensus rating of “Moderate Buy” and a consensus target price of C$53.59.

Enbridge Trading Up 1.7 %

ENB opened at C$46.67 on Wednesday. The stock’s 50 day moving average price is C$47.49 and its 200-day moving average price is C$46.94. The stock has a market cap of C$99.41 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 0.75 and a beta of 0.89. Enbridge has a one year low of C$42.75 and a one year high of C$54.05. The company has a debt-to-equity ratio of 127.95, a quick ratio of 0.44 and a current ratio of 0.83.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its earnings results on Friday, February 9th. The company reported C$0.64 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.04). The firm had revenue of C$11.30 billion for the quarter, compared to the consensus estimate of C$12.99 billion. Enbridge had a net margin of 14.18% and a return on equity of 9.47%. On average, equities analysts forecast that Enbridge will post 2.8389626 EPS for the current year.

About Enbridge

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.