Enbridge (TSE:ENB) Given a C$72.00 Price Target by ATB Capital Analysts

Enbridge (TSE:ENB) (NYSE:ENB) received a C$72.00 price objective from equities researchers at ATB Capital in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price target would suggest a potential upside of 10.97% from the stock’s previous close.

ENB has been the topic of several other reports. BMO Capital Markets raised their price target on shares of Enbridge from C$67.00 to C$70.00 in a research note on Thursday, December 4th. CIBC reduced their target price on Enbridge from C$71.00 to C$69.00 in a research report on Wednesday, December 17th. Royal Bank Of Canada raised their price target on Enbridge from C$67.00 to C$72.00 in a research note on Monday, November 10th. Cibc World Mkts downgraded shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Finally, Scotiabank raised their target price on shares of Enbridge from C$65.00 to C$69.00 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$71.17.

Enbridge Price Performance

ENB stock opened at C$64.88 on Tuesday. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. The stock’s 50 day moving average price is C$66.34 and its 200 day moving average price is C$65.31. The firm has a market cap of C$141.63 billion, a P/E ratio of 25.44, a PEG ratio of 1.72 and a beta of 0.91. Enbridge has a 1 year low of C$56.51 and a 1 year high of C$70.39.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.46 earnings per share (EPS) for the quarter. The business had revenue of C$14.64 billion for the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%. On average, sell-side analysts expect that Enbridge will post 3.511912 earnings per share for the current fiscal year.

About Enbridge

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.