Enbridge Coverage Initiated by Analysts at TD Securities (ENB)
Stock analysts at TD Securities began coverage on shares of Enbridge (TSE:ENB) in a report issued on Wednesday. The firm set a “buy” rating and a C$58.00 price target on the stock. TD Securities’ target price suggests a potential upside of 14.56% from the stock’s previous close.
ENB has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Enbridge from C$57.00 to C$59.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Enbridge from a “buy” rating to a “hold” rating in a research note on Monday, April 21st. Finally, analysts at CSFB downgraded shares of Enbridge from an “outperform” rating to a “neutral” rating in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Enbridge currently has an average rating of “Buy” and an average price target of C$56.60.
Shares of Enbridge (TSE:ENB) opened at 50.63 on Wednesday. Enbridge has a 1-year low of $41.74 and a 1-year high of $53.73. The stock’s 50-day moving average is $51.74 and its 200-day moving average is $49.05. The company has a market cap of $42.266 billion and a P/E ratio of 71.23.
Enbridge (TSE:ENB) last released its earnings data on Thursday, May 8th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. On average, analysts predict that Enbridge will post $1.95 earnings per share for the current fiscal year.
Enbridge Inc (TSE:ENB) transports and distributes energy across North America.
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