Enbridge (TSE:ENB) Price Target Raised to C$71.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price target increased by National Bankshares from C$66.00 to C$71.00 in a research note released on Wednesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities research analysts have also commented on the company. Royal Bank Of Canada raised their price target on Enbridge from C$67.00 to C$72.00 in a research report on Monday, November 10th. BMO Capital Markets raised their target price on shares of Enbridge from C$67.00 to C$70.00 in a report on Thursday, December 4th. Jefferies Financial Group lifted their price target on shares of Enbridge from C$72.00 to C$73.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Raymond James Financial increased their price objective on shares of Enbridge from C$74.00 to C$76.00 in a research report on Monday, November 10th. Finally, Cibc World Mkts cut shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$70.92.

Enbridge Stock Down 0.2%

Shares of TSE ENB opened at C$64.30 on Wednesday. The stock has a market cap of C$140.37 billion, a P/E ratio of 25.22, a P/E/G ratio of 1.72 and a beta of 0.91. The firm has a 50 day moving average price of C$66.46 and a 200 day moving average price of C$65.28. 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 52-week low of C$56.51 and a 52-week high of C$70.39.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, November 7th. The company reported C$0.46 earnings per share for the quarter. The company had revenue of C$14.64 billion for the quarter. Enbridge had a net margin of 13.75% and a return on equity of 10.30%. Analysts expect that Enbridge will post 3.511912 EPS for the current year.

Enbridge Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were given a $0.9425 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $3.77 dividend on an annualized basis and a yield of 5.9%. Enbridge’s dividend payout ratio (DPR) 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. Finally, the firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.