Enbridge (TSE:ENB) Price Target Raised to C$80.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price target increased by analysts at Raymond James Financial from C$78.00 to C$80.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 7.18% from the company’s previous close.

ENB has been the subject of a number of other reports. TD Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$70.00 to C$72.00 in a research note on Tuesday, February 17th. Scotiabank increased their price target on Enbridge from C$77.00 to C$78.00 and gave the company a “sector outperform” rating in a research note on Monday. Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating and increased their price target for the company from C$71.00 to C$76.00 in a research note on Tuesday, February 17th. ATB Cormark Capital Markets increased their price target on Enbridge from C$72.00 to C$78.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Finally, National Bank Financial upped their price objective on Enbridge from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$74.27.

Enbridge Trading Up 1.8%

Shares of TSE ENB traded up C$1.31 during midday trading on Monday, hitting C$74.64. The stock had a trading volume of 6,370,507 shares, compared to its average volume of 8,351,692. The company’s 50-day simple moving average is C$73.70 and its 200 day simple moving average is C$69.12. The firm has a market cap of C$162.89 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 1.72 and a beta of 0.87. Enbridge has a fifty-two week low of C$59.68 and a fifty-two week high of C$77.18. The company has a debt-to-equity ratio of 168.58, a current ratio of 0.81 and a quick ratio of 0.44.

Enbridge (TSE:ENB) (NYSE:ENB) last released its earnings results on Friday, May 8th. The company reported C$0.98 EPS for the quarter. The company had revenue of C$22.36 billion during the quarter. Enbridge had a return on equity of 11.41% and a net margin of 9.73%. Research analysts anticipate that Enbridge will post 3.511912 EPS for the current year.

About Enbridge

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.