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Enbridge (ENB) Stock Forecast & Price Target

$41.09
+0.21 (+0.51%)
(As of 10/11/2024 ET)

Enbridge - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
2
Hold
3
Buy
1

Based on 6 Wall Street analysts who have issued ratings for Enbridge in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 6 analysts, 2 have given a sell rating, 3 have given a hold rating, and 1 has given a buy rating for ENB.

Consensus Price Target

$51.50
25.33% Upside
According to the 6 analysts' twelve-month price targets for Enbridge, the average price target is $51.50. The highest price target for ENB is $55.00, while the lowest price target for ENB is $48.00. The average price target represents a forecasted upside of 25.33% from the current price of $41.09.
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ENB Analyst Ratings Over Time

TypeCurrent Forecast
10/13/23 to 10/12/24
1 Month Ago
9/13/23 to 9/12/24
3 Months Ago
7/15/23 to 7/14/24
1 Year Ago
10/13/22 to 10/13/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
6 Hold rating(s)
5 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$51.50$51.33$55.20$58.25
Forecasted Upside25.33% Upside26.81% Upside52.91% Upside77.94% Upside
Consensus Rating
Reduce
Hold
Hold
Hold

ENB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ENB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Enbridge Stock vs. The Competition

TypeEnbridgeOils/Energy CompaniesS&P 500
Consensus Rating Score
1.83
2.62
2.50
Consensus RatingReduceModerate BuyModerate Buy
Predicted Upside25.33% Upside35.56% Upside6.81% Upside
News Sentiment Rating
Positive News

See Recent ENB News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/30/2024Jefferies Financial Group
2 of 5 stars
 DowngradeBuy ➝ Hold
1/18/2024Stifel Nicolaus
4 of 5 stars
 Initiated CoverageHold
11/6/2023Royal Bank of Canada
4 of 5 stars
 Lower TargetOutperform ➝ Outperform$60.00 ➝ $55.00+62.00%
10/25/2023Wells Fargo & Company
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 DowngradeEqual Weight ➝ Underweight
10/18/2023Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$54.00 ➝ $48.00+47.28%
10/17/2023Wolfe Research
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 DowngradePeer Perform ➝ Underperform
9/13/2023Credit Suisse Group
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 Lower TargetNeutral ➝ Neutral$52.00 ➝ $51.00+45.92%
9/11/2023National Bank Financial
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 Initiated CoverageSector Perform
9/11/2023CIBC
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 Boost TargetOutperformer ➝ Outperformer$63.00 ➝ $64.00+88.85%
9/11/2023Scotiabank
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 Initiated CoverageSector Perform
9/8/2023BMO Capital Markets
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 Initiated CoverageMarket Perform
8/8/2023TD Securities
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 Lower TargetBuy ➝ Buy$62.00 ➝ $58.00+61.56%
10/19/2022Morgan Stanley
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 Lower TargetC$67.00 ➝ C$64.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:49 AM ET.


Should I Buy Enbridge Stock? ENB Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, October 11, 2024. Please send any questions or comments about these Enbridge pros and cons to contact@marketbeat.com.

Enbridge
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Enbridge Inc.:

  • Enbridge Inc. reported strong quarterly earnings, beating analysts' estimates by $0.13 per share, indicating a positive financial performance.
  • Enbridge Inc. has a diverse portfolio of assets in the energy sector, providing stability and potential for growth in a crucial industry.
  • Enbridge Inc.'s stock price has been relatively stable, with a 12-month high of $41.22, suggesting resilience in market fluctuations.
  • Enbridge Inc. has a healthy return on equity of 10.07%, showcasing efficient utilization of shareholder funds for profitability.
  • Enbridge Inc. has a significant market capitalization of $86.87 billion, indicating a well-established presence in the market.

Enbridge
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Enbridge Inc. for these reasons:

  • Enbridge Inc. has a debt-to-equity ratio of 1.34, which may raise concerns about the company's financial leverage and risk exposure.
  • Enbridge Inc.'s current ratio of 0.77 and quick ratio of 0.68 suggest potential liquidity challenges in meeting short-term obligations.
  • Enbridge Inc.'s P/E ratio of 20.71 and P/E/G ratio of 3.93 may indicate the stock is currently overvalued compared to its growth prospects.
  • Enbridge Inc. has a beta of 0.94, implying the stock's price is less volatile than the market, potentially limiting short-term trading opportunities.
  • Enbridge Inc. has a net margin of 13.31%, which while healthy, may face pressure in a competitive market environment affecting profitability.

ENB Forecast - Frequently Asked Questions

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Enbridge is $51.50, with a high forecast of $55.00 and a low forecast of $48.00.

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" ENB shares.

According to analysts, Enbridge's stock has a predicted upside of 25.33% based on their 12-month stock forecasts.

Over the previous 90 days, Enbridge's stock had 1 downgrade by analysts.

Enbridge has been rated by research analysts at Jefferies Financial Group in the past 90 days.

Analysts like Enbridge less than other "oils/energy" companies. The consensus rating for Enbridge is Reduce while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how ENB compares to other companies.


This page (NYSE:ENB) was last updated on 10/12/2024 by MarketBeat.com Staff
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