Enbridge (TSE:ENB) PT Lowered to C$51.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price target cut by equities researchers at Stifel Nicolaus from C$52.00 to C$51.00 in a report released on Thursday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 4.17% from the company’s current price.

ENB has been the topic of several other research reports. Royal Bank of Canada reduced their price objective on Enbridge from C$55.00 to C$54.00 and set an “outperform” rating on the stock in a report on Monday, February 12th. ATB Capital set a C$56.00 price target on Enbridge and gave the company an “outperform” rating in a report on Friday, January 5th. National Bankshares boosted their price objective on Enbridge from C$51.00 to C$52.00 in a report on Thursday, March 7th. Jefferies Financial Group reduced their target price on shares of Enbridge from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, Barclays dropped their price target on shares of Enbridge from C$53.00 to C$51.00 in a research note on Thursday, March 7th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Enbridge presently has an average rating of “Moderate Buy” and an average target price of C$52.94.

Enbridge Trading Down 1.1 %

Shares of ENB opened at C$48.96 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.44 and a debt-to-equity ratio of 127.95. The stock has a market cap of C$104.28 billion, a PE ratio of 17.24, a PEG ratio of 0.75 and a beta of 0.89. Enbridge has a 1 year low of C$42.75 and a 1 year high of C$54.05. The stock has a 50 day simple moving average of C$47.80 and a 200-day simple moving average of C$47.16.

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

Enbridge Company Profile

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.