Jefferies Financial Group Issues Pessimistic Forecast for Enbridge (TSE:ENB) Stock Price

Key Points

• Jefferies cut its price objective on Enbridge from C$73.00 to C$71.00, implying roughly a 9.16% upside from the stock's current price.
• Analyst consensus puts the average target at C$71.17 with one Strong Buy, four Buy and five Hold ratings, giving Enbridge an overall Moderate Buy stance.
• Enbridge traded at C$65.04 (up 1.0%), has a market cap of C$141.98 billion, a P/E of 25.51 and a high debt-to-equity ratio of 144.86, with a 12‑month range of C$56.51–C$70.39.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB had its price objective dropped by stock analysts at Jefferies Financial Group from C$73.00 to C$71.00 in a report issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group's price objective points to a potential upside of 9.16% from the stock's current price.

ENB has been the subject of a number of other reports. National Bankshares boosted their price target on shares of Enbridge from C$66.00 to C$71.00 and gave the company a "sector perform" rating in a research report on Wednesday, December 17th. Scotiabank lifted their target price on 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. CIBC reduced their target price on Enbridge from C$71.00 to C$69.00 in a report on Wednesday, December 17th. BMO Capital Markets lifted their price target on Enbridge from C$67.00 to C$70.00 in a research report on Thursday, December 4th. Finally, Raymond James Financial increased their price objective on Enbridge from C$74.00 to C$76.00 in a report on Monday, November 10th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$71.17.

Enbridge Trading Up 1.0%

TSE:ENB traded up C$0.64 during trading hours on Tuesday, reaching C$65.04. 704,551 shares of the stock were exchanged, compared to its average volume of 7,914,750. Enbridge has a twelve month low of C$56.51 and a twelve month high of C$70.39. The business has a 50-day moving average of C$66.41 and a two-hundred day moving average of C$65.30. The company has a market capitalization of C$141.98 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 1.72 and a beta of 0.91. 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 (TSE:ENB - Get Free Report) NYSE: ENB last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.46 earnings per share (EPS) for the quarter. The firm 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, equities analysts predict that Enbridge will post 3.511912 EPS for the current year.

Enbridge Company Profile

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.

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