Enbridge (TSE:ENB) Price Target Raised to C$67.00 at BMO Capital Markets

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective raised by BMO Capital Markets from C$66.00 to C$67.00 in a report issued on Monday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on ENB. Scotiabank upped their price target on Enbridge from C$65.00 to C$69.00 and gave the stock a “sector perform” rating in a report on Monday, October 20th. Raymond James Financial boosted their target price on Enbridge from C$74.00 to C$76.00 in a research report on Monday. Cibc World Mkts lowered Enbridge from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. National Bankshares lifted their price target on Enbridge from C$64.00 to C$65.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group boosted their price objective on shares of Enbridge from C$72.00 to C$73.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Enbridge currently has an average rating of “Moderate Buy” and a consensus target price of C$69.50.

Enbridge Trading Up 0.3%

Shares of ENB opened at C$67.15 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 144.86. The firm’s 50-day moving average is C$67.28 and its two-hundred day moving average is C$64.67. Enbridge has a twelve month low of C$56.51 and a twelve month high of C$70.39. The firm has a market capitalization of C$146.42 billion, a P/E ratio of 23.64, a PEG ratio of 1.72 and a beta of 0.91.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders 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 annualized dividend and a yield of 5.6%. Enbridge’s dividend payout ratio (DPR) is presently 130.81%.

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.