Enbridge Inc (ENB) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Enbridge Inc (TSE:ENB) (NYSE:ENB) have been given an average rating of “Buy” by the twelve research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$55.30.

A number of brokerages recently issued reports on ENB. National Bank Financial upgraded shares of Enbridge from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. boosted their price objective on shares of Enbridge from C$53.00 to C$56.00 in a report on Friday, February 1st. CSFB restated an “outperform” rating and set a C$55.00 price objective on shares of Enbridge in a report on Monday, March 4th. CIBC boosted their price objective on shares of Enbridge from C$55.00 to C$57.00 in a report on Tuesday, January 15th. Finally, TD Securities boosted their price objective on shares of Enbridge from C$56.00 to C$57.00 in a report on Tuesday, February 19th.

Shares of ENB traded up C$0.27 on Friday, reaching C$49.79. 5,073,400 shares of the company’s stock were exchanged, compared to its average volume of 4,872,690. The company has a debt-to-equity ratio of 88.72, a current ratio of 0.58 and a quick ratio of 0.45. The company has a market cap of $100.73 billion and a price-to-earnings ratio of 34.13. Enbridge has a 12 month low of C$37.36 and a 12 month high of C$50.01.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings results on Friday, February 15th. The company reported C$0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.60 by C$0.05. The business had revenue of C$11.56 billion for the quarter. As a group, analysts expect that Enbridge will post 2.81000005790303 EPS for the current year.

In other news, Director Albert Monaco acquired 7,806 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average price of C$49.33 per share, for a total transaction of C$385,069.98. Following the completion of the acquisition, the director now owns 813,101 shares in the company, valued at C$40,110,272.33.

Enbridge Company Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

Featured Story: The components of the Stochastic Momentum Index

Analyst Recommendations for Enbridge (TSE:ENB)

Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.