Enbridge Inc. (TSE:ENB) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Enbridge Inc. has received a consensus rating of "Moderate Buy" from twelve analysts, with a target price averaging C$67.07.
• The company recently raised its quarterly dividend to $0.9425 per share, reflecting an annual yield of 5.7%.
• Enbridge's stock is currently trading at C$66.68, and it has a market capitalization of C$145.40 billion.

Shares of Enbridge Inc. (TSE:ENB - Get Free Report) NYSE: ENB have received a consensus recommendation of "Moderate Buy" from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$67.07.

Several brokerages recently commented on ENB. BMO Capital Markets boosted their price objective on shares of Enbridge from C$60.00 to C$63.00 in a research note on Monday, May 12th. ATB Capital boosted their price objective on shares of Enbridge from C$66.00 to C$67.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Argus raised shares of Enbridge to a "strong-buy" rating in a research note on Tuesday, August 12th. National Bankshares boosted their price objective on shares of Enbridge from C$64.00 to C$65.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group raised shares of Enbridge from a "hold" rating to a "buy" rating and boosted their price objective for the company from C$65.00 to C$72.00 in a research note on Wednesday, July 23rd.

Enbridge Price Performance

ENB opened at C$66.68 on Thursday. The company has a market capitalization of C$145.40 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 1.72 and a beta of 0.89. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86. The firm has a 50-day moving average price of C$63.40 and a 200-day moving average price of C$62.69. Enbridge has a twelve month low of C$54.14 and a twelve month high of C$67.03.

Enbridge Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, September 1st were paid a dividend of $0.9425 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.77 annualized dividend and a yield of 5.7%. Enbridge's payout ratio is currently 130.81%.

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.

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