Royal Bank Of Canada Forecasts Strong Price Appreciation for Enbridge (TSE:ENB) Stock

Enbridge (TSE:ENB) (NYSE:ENB) had its price target increased by analysts at Royal Bank Of Canada from C$72.00 to C$76.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 9.02% from the company’s previous close.

A number of other equities research analysts also recently commented on ENB. TD Securities downgraded shares of Enbridge from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$70.00 to C$72.00 in a research report on Tuesday. JPMorgan Chase & Co. downgraded Enbridge from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from C$74.00 to C$69.00 in a research note on Tuesday, January 27th. Canadian Imperial Bank of Commerce reduced their price objective on Enbridge from C$71.00 to C$69.00 in a research report on Wednesday, December 17th. Raymond James Financial increased their target price on Enbridge from C$74.00 to C$76.00 in a report on Monday, November 10th. Finally, Jefferies Financial Group cut their price target on Enbridge from C$73.00 to C$71.00 in a research note on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$73.31.

Enbridge Price Performance

ENB opened at C$69.71 on Tuesday. The company’s 50-day simple moving average is C$66.18 and its two-hundred day simple moving average is C$66.63. 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 has a market capitalization of C$152.18 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.72 and a beta of 0.95. Enbridge has a 52-week low of C$56.51 and a 52-week high of C$73.71.

Enbridge (TSE:ENB) (NYSE:ENB) last released its quarterly earnings data on Friday, February 13th. The company reported C$0.88 earnings per share for the quarter. The firm had revenue of C$17.18 billion during the quarter. Enbridge had a net margin of 13.75% and a return on equity of 10.30%. As a group, analysts predict that Enbridge will post 3.511912 EPS for the current year.

Key Stories Impacting Enbridge

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Q4 results showed year-over-year profit improvement and solid revenue, supporting the company’s cash flow profile and dividend coverage; this underpins investor confidence in ENB’s regulated and fee‑based businesses. Enbridge Q4 Profit Up YoY
• Positive Sentiment: Multiple brokerages raised price targets and kept or upgraded ratings — notable lifts include RBC, Scotiabank, ATB Cormark and Raymond James (targets now in the C$76–78 range, several with “outperform”/”moderate buy”) — signaling analyst confidence in near‑term upside and distribution sustainability. Analyst price target updates
• Neutral Sentiment: National Bank raised its price target modestly to C$72 but retained a “sector perform” rating, implying limited upside from the current price and a neutral view on near-term outperformance. National Bank target update
• Negative Sentiment: Jefferies downgraded ENB from “buy” to “hold,” citing the Canadian midstream sector’s strong year‑to‑date rally and valuation pressures that reduce upside — this cut tempers bullish momentum and likely pressured the stock. Enbridge downgraded at Jefferies after Canadian midstream’s YTD rally
• Negative Sentiment: TD Securities also moved ENB from “buy” to “hold” even as it nudged its price target higher — another signal that some analysts see limited near‑term appreciation versus risk, contributing to today’s downward pressure. TD Securities rating change

About Enbridge

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.