Enbridge Inc (ENB) Receives Consensus Rating of “Buy” from Brokerages

Enbridge Inc (TSE:ENB) (NYSE:ENB) has been given an average recommendation of “Buy” by the eleven research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$55.56.

A number of equities research analysts have recently issued reports on the stock. National Bank Financial boosted their price objective on shares of Enbridge from C$57.00 to C$59.00 and gave the company an “outperform” rating in a research report on Wednesday, January 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Enbridge from C$53.00 to C$56.00 in a research report on Friday, February 1st. UBS Group downgraded shares of Enbridge from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th. TD Securities boosted their price objective on shares of Enbridge from C$56.00 to C$57.00 in a research report on Tuesday, February 19th. Finally, BMO Capital Markets cut their price objective on shares of Enbridge from C$59.00 to C$57.00 in a research report on Monday, March 4th.

TSE:ENB traded up C$0.61 during trading hours on Thursday, reaching C$49.91. The company had a trading volume of 5,911,269 shares, compared to its average volume of 5,098,174. The company has a current ratio of 0.64, a quick ratio of 0.54 and a debt-to-equity ratio of 90.94. Enbridge has a 52 week low of C$39.40 and a 52 week high of C$51.20. The company has a market cap of $99.77 billion and a PE ratio of 22.77.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, February 15th. The company reported C$0.65 EPS for the quarter, topping analysts’ consensus estimates of C$0.60 by C$0.05. The company had revenue of C$11.56 billion during the quarter. Research analysts forecast that Enbridge will post 2.77000011674752 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.738 per share. This represents a $2.95 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend is Tuesday, May 14th. Enbridge’s payout ratio is 125.50%.

In other Enbridge news, Director Albert Monaco acquired 7,806 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average price of C$49.33 per share, with a total value of C$385,069.98. Following the transaction, the director now directly owns 813,101 shares in the company, valued at approximately 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.

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Analyst Recommendations for Enbridge (TSE:ENB)

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