Enbridge (TSE:ENB) Given New C$72.00 Price Target at National Bank Financial

Enbridge (TSE:ENB) (NYSE:ENB) had its price target upped by National Bank Financial from C$71.00 to C$72.00 in a report released on Tuesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other research analysts have also recently issued reports on the company. Raymond James Financial lifted their price target on Enbridge from C$75.00 to C$77.00 and gave the company an “outperform” rating in a report on Tuesday. Canadian Imperial Bank of Commerce lowered their price objective on shares of Enbridge from C$71.00 to C$69.00 in a research report on Wednesday, December 17th. JPMorgan Chase & Co. downgraded shares of Enbridge from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from C$74.00 to C$69.00 in a research note on Tuesday, January 27th. Scotiabank increased their price target on shares of Enbridge from C$73.00 to C$77.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, TD Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating and raised their price target for the company from C$70.00 to C$72.00 in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$73.31.

Enbridge Stock Performance

TSE ENB opened at C$70.21 on Tuesday. The firm has a market cap of C$153.27 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.72 and a beta of 0.95. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. Enbridge has a 1-year low of C$56.51 and a 1-year high of C$73.71. The company has a 50 day moving average of C$66.09 and a 200-day moving average of C$66.61.

Enbridge (TSE:ENB) (NYSE:ENB) last released its quarterly earnings results on Friday, February 13th. The company reported C$0.88 earnings per share for the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%.The firm had revenue of C$17.18 billion during the quarter. On average, equities analysts forecast that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Enbridge Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Sunday, March 1st will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 5.5%. This is a positive change from Enbridge’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Tuesday, February 17th. Enbridge’s payout ratio is presently 146.76%.

Trending Headlines about Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Several major banks raised Enbridge price targets and maintained bullish ratings, lifting upside expectations — Scotiabank to C$77, RBC to C$76 (also covered by TickerReport), Raymond James to C$77, and ATB Cormark to C$78. These increases reinforce expectations for cash flow and dividend support. Article Title
• Positive Sentiment: Analysts’ revenue estimates for Enbridge are moving higher, which supports earnings outlook and helps justify the raised targets from several brokers. Analysts’ Revenue Estimates For Enbridge Inc. Are Surging Higher
• Neutral Sentiment: National Bank Financial raised its price target slightly to C$72 and set a “sector perform” rating — a modestly constructive move but less bullish than the outperform calls, indicating cautious exposure to the sector. Article Title
• Negative Sentiment: Jefferies downgraded Enbridge from “buy” to “hold,” citing that the Canadian midstream group’s year-to-date rally has reduced upside and made valuations less attractive — a note that likely pressured the stock into a pullback. Enbridge downgraded at Jefferies after Canadian midstream’s YTD rally
• Negative Sentiment: TD Securities lowered its rating from “buy” to “hold” while nudging its target to C$72 — another sign that some sell‑side desks see less near-term upside despite higher targets elsewhere. Article Title

Enbridge Company Profile

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.