Enbridge’s Neutral Rating Reaffirmed at CSFB (ENB)
Enbridge (TSE:ENB)‘s stock had its “neutral” rating restated by equities research analysts at CSFB in a research note issued to investors on Wednesday. They currently have a C$52.00 price objective on the stock. CSFB’s price objective indicates a potential upside of 3.13% from the company’s current price.
Enbridge (TSE:ENB) traded up 0.67% on Wednesday, hitting $50.76. The stock had a trading volume of 502,708 shares. Enbridge has a 1-year low of $41.74 and a 1-year high of $53.73. The stock has a 50-day moving average of $51.25 and a 200-day moving average of $49.51. The company has a market cap of $42.375 billion and a price-to-earnings ratio of 71.01.
Enbridge (TSE:ENB) last announced its earnings results 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.
A number of other analysts have also recently weighed in on ENB. Analysts at Credit Suisse initiated coverage on shares of Enbridge in a research note on Wednesday. They set a “neutral” rating and a C$52.00 price target on the stock. Separately, analysts at TD Securities initiated coverage on shares of Enbridge in a research note on Wednesday, June 25th. They set a “buy” rating and a C$58.00 price target on the stock. Finally, 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$55.29.
Enbridge Inc (TSE:ENB) transports and distributes energy across North America.
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