Enbridge Inc. (TSE:ENB) Receives C$74.27 Consensus Target Price from Brokerages

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$74.27.

A number of brokerages have commented on ENB. Raymond James Financial lifted their price objective on shares of Enbridge from C$78.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Barclays lifted their price objective on shares of Enbridge from C$68.00 to C$73.00 in a research note on Tuesday, April 7th. Royal Bank Of Canada upped their price objective on Enbridge from C$76.00 to C$79.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. lowered Enbridge from an “overweight” rating to a “neutral” rating and lowered their price target for the company from C$74.00 to C$69.00 in a report on Tuesday, January 27th. Finally, National Bank Financial boosted their price target on Enbridge from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a report on Monday, May 11th.

Enbridge Price Performance

Shares of ENB opened at C$76.13 on Tuesday. The stock has a market capitalization of C$166.24 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 1.72 and a beta of 0.87. Enbridge has a 1 year low of C$59.68 and a 1 year high of C$77.18. The business’s 50 day simple moving average is C$74.04 and its 200-day simple moving average is C$69.58. The company has a debt-to-equity ratio of 168.58, a current ratio of 0.81 and a quick ratio of 0.44.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, May 8th. The company reported C$0.98 earnings per share (EPS) for the quarter. Enbridge had a return on equity of 11.41% and a net margin of 9.73%.The business had revenue of C$22.36 billion for the quarter. As a group, equities analysts expect that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Enbridge Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, June 1st will be paid a dividend of $0.97 per share. The ex-dividend date is Friday, May 15th. This represents a $3.88 annualized dividend and a dividend yield of 5.1%. Enbridge’s dividend payout ratio (DPR) is currently 128.73%.

About Enbridge

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.