Enbridge Inc. (TSE:ENB) Receives Average Recommendation of “Moderate Buy” from Analysts

Enbridge Inc. (TSE:ENB) (NYSE:ENB) has received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$69.50.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Enbridge from C$66.00 to C$67.00 in a report on Monday, November 10th. ATB Capital boosted their price objective on Enbridge from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Cibc World Mkts downgraded Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Barclays raised their target price on Enbridge from C$65.00 to C$68.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Finally, CIBC upped their price target on Enbridge from C$70.00 to C$71.00 in a report on Monday, November 10th.

Enbridge Trading Down 0.1%

TSE:ENB opened at C$67.11 on Tuesday. Enbridge has a 12 month low of C$56.51 and a 12 month high of C$70.39. The firm has a market cap of C$146.39 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 1.72 and a beta of 0.91. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The company’s 50 day moving average is C$67.37 and its 200-day moving average is C$64.78.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.30 earnings per share (EPS) for the quarter. Enbridge had a net margin of 13.75% and a return on equity of 10.30%. The business had revenue of C$14.64 billion during the quarter. Equities analysts anticipate that Enbridge will post 3.511912 EPS for the current year.

Enbridge Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, December 1st will be given a dividend of $0.9425 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $3.77 dividend on an annualized basis and a yield of 5.6%. Enbridge’s payout ratio is 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.