Enbridge (TSE:ENB) Given New C$70.00 Price Target at BMO Capital Markets
BMO Capital Markets increased Enbridge's price target from C$67.00 to C$70.00, indicating a potential upside of 4.40%. Other analysts have also adjusted their targets, with a consensus rating of "Moderate Buy" and a consensus price target of C$69.71. Enbridge's stock performance and financial metrics are highlighted, with a recent trading price of C$67.05 and a market cap of C$146.25 billion.
Enbridge (TSE:ENB - Get Free Report) NYSE: ENB had its price target upped by analysts at BMO Capital Markets from C$67.00 to C$70.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets' price objective indicates a potential upside of 4.40% from the company's previous close.
- Is Enbridge Stock Too Cheap to Pass Up Now?
Other equities analysts also recently issued reports about the stock. CIBC increased their price objective on shares of Enbridge from C$70.00 to C$71.00 in a report on Monday, November 10th. Barclays upped their price target on shares of Enbridge from C$65.00 to C$68.00 and gave the stock an "equal weight" rating in a research report on Monday, October 6th. Scotiabank lifted their price objective on Enbridge from C$65.00 to C$69.00 and gave the stock a "sector perform" rating in a report on Monday, October 20th. Argus upgraded Enbridge to a "strong-buy" rating in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada increased their target price on Enbridge from C$67.00 to C$72.00 in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$69.71.
Get Our Latest Report on ENB
Enbridge Price Performance
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ENB traded up C$0.42 during trading on Thursday, hitting C$67.05. The company's stock had a trading volume of 1,419,310 shares, compared to its average volume of 8,025,428. The firm has a market capitalization of C$146.25 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 1.72 and a beta of 0.91. Enbridge has a twelve month low of C$56.51 and a twelve month high of C$70.39. The business's fifty day simple moving average is C$67.29 and its 200 day simple moving average is C$65.12. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86.
Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last announced its earnings results on Friday, November 7th. The company reported C$0.46 earnings per share for the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%.The business had revenue of C$14.64 billion during the quarter. On average, equities research analysts forecast that Enbridge will post 3.511912 EPS for the current fiscal year.
About Enbridge
(Get Free Report)Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company.
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