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Enbridge (TSE:ENB) has been given a consensus rating of “Buy” by the nine brokerages that are covering the company, Analyst Ratings.Net reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$52.63.

Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Enbridge from C$59.00 to C$62.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Enbridge from C$58.00 to C$59.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Enbridge from C$25.00 to C$30.00 in a research note on Wednesday, July 30th. They now have a “sector perform” rating on the stock.

Shares of Enbridge (TSE:ENB) opened at 53.47 on Wednesday. Enbridge has a one year low of $41.74 and a one year high of $55.50. The stock’s 50-day moving average is $52.1 and its 200-day moving average is $50.48. The company has a market cap of $45.249 billion and a price-to-earnings ratio of 74.92.

Enbridge (TSE:ENB) last released its earnings data on Monday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. Analysts expect that Enbridge will post $1.92 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Investors of record on Friday, August 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Wednesday, August 13th.

Enbridge Inc (TSE:ENB) transports and distributes energy across North America.

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