ENB has been the subject of a number of other reports. Credit Suisse Group reduced their target price on shares of Enbridge to C$58.00 and set a neutral rating for the company in a research note on Friday, July 22nd. CIBC boosted their target price on shares of Enbridge from C$60.00 to C$61.00 in a research note on Tuesday, August 2nd. National Bankshares boosted their target price on shares of Enbridge from C$60.00 to C$61.00 and gave the company an outperform rating in a research note on Tuesday, August 2nd. UBS Group boosted their target price on shares of Enbridge from C$53.00 to C$63.00 in a research note on Friday, August 12th. Finally, CSFB reduced their target price on shares of Enbridge from C$62.00 to C$58.00 in a research note on Friday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Enbridge presently has an average rating of Moderate Buy and a consensus target price of C$59.35.
Enbridge Price Performance
Shares of TSE:ENB opened at C$54.38 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.58 and a debt-to-equity ratio of 122.20. Enbridge has a fifty-two week low of C$46.88 and a fifty-two week high of C$59.69. The firm has a 50-day simple moving average of C$55.58 and a 200 day simple moving average of C$56.32. The company has a market cap of C$110.11 billion and a PE ratio of 22.56.
Enbridge Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend was Friday, August 12th. Enbridge’s dividend payout ratio is presently 140.66%.
Enbridge Company Profile
Enbridge Inc operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
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