BMO Capital Markets Boosts Enbridge (TSE:ENB) Price Target to C$54.00

Enbridge (TSE:ENBGet Free Report) (NYSE:ENB) had its price target hoisted by BMO Capital Markets from C$52.00 to C$54.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 4.47% from the company’s previous close.

A number of other analysts have also commented on the company. Barclays dropped their price target on Enbridge from C$53.00 to C$51.00 in a report on Thursday, March 7th. Scotiabank lifted their price target on Enbridge from C$50.00 to C$54.00 and gave the stock an “outperform” rating in a report on Monday. National Bankshares lifted their price target on Enbridge from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Monday. Stifel Nicolaus decreased their target price on Enbridge from C$52.00 to C$51.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Finally, 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from, the stock presently has an average rating of “Moderate Buy” and an average target price of C$53.50.

Check Out Our Latest Stock Analysis on ENB

Enbridge Stock Performance

Enbridge stock traded up C$0.02 during mid-day trading on Monday, reaching C$51.69. 1,980,012 shares of the company’s stock were exchanged, compared to its average volume of 7,650,990. The business’s fifty day simple moving average is C$48.47 and its 200 day simple moving average is C$47.59. The firm has a market capitalization of C$110.10 billion, a PE ratio of 18.20, 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$52.34. The company has a quick ratio of 0.44, a current ratio of 0.83 and a debt-to-equity ratio of 127.95.

Enbridge (TSE:ENBGet Free Report) (NYSE:ENB) last issued 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 expect that Enbridge will post 2.8096045 earnings per share for the current year.

Enbridge Company Profile

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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.

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Analyst Recommendations for Enbridge (TSE:ENB)

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