Shares of Enbridge Inc. (TSE:ENB – Get Free Report) (NYSE:ENB) have been assigned an average rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$56.92.
A number of equities analysts have recently commented on the company. Jefferies Financial Group lowered Enbridge from a “buy” rating to a “hold” rating and raised their price target for the stock from C$55.00 to C$58.00 in a report on Monday, September 30th. JPMorgan Chase & Co. raised their price target on Enbridge from C$57.00 to C$60.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. BMO Capital Markets raised their price target on Enbridge from C$54.00 to C$56.00 in a report on Thursday, September 5th. CIBC raised their price target on Enbridge from C$59.00 to C$67.00 in a report on Monday. Finally, Wells Fargo & Company raised Enbridge from a “strong sell” rating to a “hold” rating in a report on Wednesday.
Get Our Latest Analysis on ENB
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Enbridge Price Performance
Shares of TSE ENB opened at C$58.81 on Friday. The stock has a fifty day simple moving average of C$55.70 and a two-hundred day simple moving average of C$52.08. Enbridge has a 1-year low of C$45.05 and a 1-year high of C$58.99. The firm has a market cap of C$128.21 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a current ratio of 0.76, a quick ratio of 0.44 and a debt-to-equity ratio of 131.26.
Enbridge Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be issued a $0.915 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.66 annualized dividend and a dividend yield of 6.22%. Enbridge’s dividend payout ratio is currently 140.77%.
Enbridge Company Profile
Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
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