Jefferies Financial Group Cuts Enbridge (TSE:ENB) Price Target to C$71.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price target decreased by Jefferies Financial Group from C$73.00 to C$71.00 in a research report report published on Tuesday,BayStreet.CA reports.

A number of other research analysts also recently issued reports on ENB. CIBC reduced their price objective on shares of Enbridge from C$71.00 to C$69.00 in a research report on Wednesday, December 17th. Cibc World Mkts lowered shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. National Bankshares raised their price objective on shares of Enbridge from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. Raymond James Financial lifted their price objective on Enbridge from C$74.00 to C$76.00 in a research report on Monday, November 10th. Finally, BMO Capital Markets increased their target price on Enbridge from C$67.00 to C$70.00 in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Enbridge currently has a consensus rating of “Moderate Buy” and an average price target of C$71.17.

Enbridge Trading Down 0.2%

ENB opened at C$64.88 on Tuesday. Enbridge has a one year low of C$56.51 and a one year high of C$70.39. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44. The business has a 50 day simple moving average of C$66.31 and a two-hundred day simple moving average of C$65.30. The firm has a market capitalization of C$141.63 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.72 and a beta of 0.91.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.46 earnings per share for the quarter. The firm had revenue of C$14.64 billion for the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%. Analysts predict that Enbridge will post 3.511912 EPS for the current year.

Enbridge Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were issued a $0.9425 dividend. This represents a $3.77 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Friday, November 14th. Enbridge’s payout ratio is presently 146.76%.

Enbridge Company Profile

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. Finally, the firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.