Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) had its target price decreased by stock analysts at Stifel Nicolaus from C$52.00 to C$51.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 4.17% from the company’s previous close.
Several other equities research analysts have also commented on ENB. Jefferies Financial Group dropped their price objective on shares of Enbridge from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. ATB Capital set a C$56.00 price objective on Enbridge and gave the company an “outperform” rating in a research report on Friday, January 5th. National Bankshares raised their price objective on Enbridge from C$51.00 to C$52.00 in a research note on Thursday, March 7th. Royal Bank of Canada dropped their price objective on shares of Enbridge from C$55.00 to C$54.00 and set an “outperform” rating for the company in a report on Monday, February 12th. Finally, Barclays reduced their target price on shares of Enbridge from C$53.00 to C$51.00 in a report on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$52.94.
Read Our Latest Report on Enbridge
Enbridge Stock Performance
Enbridge (TSE:ENB – Get Free Report) (NYSE:ENB) last announced its quarterly earnings results on Friday, February 9th. The company reported C$0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.04). The business had revenue of C$11.30 billion for the quarter, compared to analysts’ expectations of C$12.99 billion. Enbridge had a net margin of 14.18% and a return on equity of 9.47%. On average, sell-side analysts anticipate that Enbridge will post 2.8389626 EPS for the current fiscal year.
About Enbridge
Enbridge Inc, together with its subsidiaries, 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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