Enbridge (TSE:ENB) Price Target Raised to C$77.00 at Scotiabank

Enbridge (TSE:ENB) (NYSE:ENB) had its price target lifted by Scotiabank from C$73.00 to C$77.00 in a research report report published on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Canadian Imperial Bank of Commerce lowered their price target on shares of Enbridge from C$71.00 to C$69.00 in a report on Wednesday, December 17th. Royal Bank Of Canada upped their price objective on shares of Enbridge from C$72.00 to C$76.00 and gave the company an “outperform” rating in a research report on Tuesday. Raymond James Financial raised their target price on Enbridge from C$74.00 to C$76.00 in a research note on Monday, November 10th. TD Securities cut 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. Finally, BMO Capital Markets increased their price target on Enbridge from C$67.00 to C$70.00 in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$73.31.

Enbridge Stock Performance

Shares of TSE:ENB opened at C$70.21 on Tuesday. The business’s 50-day simple moving average is C$66.09 and its 200 day simple moving average is C$66.61. The company has a market cap of C$153.27 billion, a P/E ratio of 27.53, a PEG ratio of 1.72 and a beta of 0.95. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. Enbridge has a one year low of C$56.51 and a one year high of C$73.71.

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. The firm had revenue of C$17.18 billion during the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%. On average, sell-side analysts forecast that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Enbridge Increases Dividend

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

Enbridge News Roundup

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.