Enbridge (TSE:ENB) Price Target Cut to C$53.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price objective cut by investment analysts at Jefferies Financial Group from C$54.00 to C$53.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 13.56% from the stock’s current price.

ENB has been the subject of a number of other research reports. ATB Capital set a C$56.00 price objective on Enbridge and gave the company an “outperform” rating in a research note on Friday, January 5th. Stifel Nicolaus set a C$52.00 price target on Enbridge and gave the company a “hold” rating in a research report on Thursday, January 18th. Royal Bank of Canada dropped their price target on Enbridge from C$55.00 to C$54.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Barclays dropped their price target on Enbridge from C$53.00 to C$51.00 in a research report on Thursday, March 7th. Finally, National Bankshares upped their price target on Enbridge from C$51.00 to C$52.00 in a research report on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$53.59.

Enbridge Stock Up 1.7 %

Shares of TSE:ENB opened at C$46.67 on Wednesday. The company has a market capitalization of C$99.41 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 0.75 and a beta of 0.89. The company has a debt-to-equity ratio of 127.95, a current ratio of 0.83 and a quick ratio of 0.44. The business has a fifty day moving average price of C$47.49 and a two-hundred day moving average price of C$46.94. Enbridge has a 1 year low of C$42.75 and a 1 year high of C$54.05.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of C$12.99 billion. Enbridge had a net margin of 14.18% and a return on equity of 9.47%. Analysts forecast that Enbridge will post 2.8389626 earnings per share for the current year.

Enbridge Company Profile

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.