Scotiabank Raises Enbridge (TSE:ENB) Price Target to C$77.00

Enbridge (TSE:ENB) (NYSE:ENB) had its price target hoisted by research analysts at Scotiabank from C$73.00 to C$77.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 10.46% from the company’s current price.

Other analysts have also issued reports about the company. Canadian Imperial Bank of Commerce lowered their price target on Enbridge from C$71.00 to C$69.00 in a research note on Wednesday, December 17th. Royal Bank Of Canada lifted their target price on shares of Enbridge from C$72.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Tuesday. TD Securities lowered shares of Enbridge from a “buy” rating to a “hold” rating and upped their target price for the stock from C$70.00 to C$72.00 in a report on Tuesday. National Bank Financial raised their price target on shares of Enbridge from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. Finally, Raymond James Financial upped their price objective on shares of Enbridge from C$74.00 to C$76.00 in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Enbridge has an average rating of “Moderate Buy” and a consensus target price of C$73.31.

Enbridge Stock Down 0.7%

ENB stock opened at C$69.71 on Tuesday. 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. The firm has a 50-day simple moving average of C$66.18 and a 200-day simple moving average of C$66.63. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. 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 issued its quarterly earnings results on Friday, February 13th. The company reported C$0.88 earnings per share for the quarter. Enbridge had a net margin of 13.75% and a return on equity of 10.30%. The firm had revenue of C$17.18 billion for the quarter. Equities analysts forecast that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Enbridge News Roundup

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.