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Enbridge (ENB) Stock Forecast & Price Target

C$47.82
-0.15 (-0.31%)
(As of 04:06 PM 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

Consensus Price Target

C$53.44
11.75% Upside
High ForecastC$58.00
Average ForecastC$53.44
Low ForecastC$48.00
TypeCurrent Forecast
6/26/23 to 6/25/24
1 Month Ago
5/27/23 to 5/26/24
3 Months Ago
3/28/23 to 3/27/24
1 Year Ago
6/26/22 to 6/26/23
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
2 Buy rating(s)
Hold
7 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetC$53.44C$53.56C$53.65C$57.36
Forecasted Upside11.75% Upside11.03% Upside14.42% Upside7.77% Upside
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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

TypeEnbridgeEnergy Companies
Consensus Rating Score
2.46
2.67
Consensus RatingHoldModerate Buy
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/14/2024Scotiabank
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R. Hope
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DowngradeStrong-Buy ➝ Hold
6/4/2024Wells Fargo & Company
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 Boost TargetC$45.00 ➝ C$48.00-2.44%
5/17/2024JPMorgan Chase & Co.
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 Boost TargetOverweightC$55.00 ➝ C$56.00+11.84%
5/13/2024BMO Capital Markets
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 Boost TargetMarket PerformC$52.00 ➝ C$54.00+4.79%
5/13/2024National Bankshares
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 Boost TargetSector PerformC$52.00 ➝ C$53.00+2.85%
5/13/2024Jefferies Financial Group
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 Boost TargetC$53.00 ➝ C$55.00+6.73%
4/25/2024Stifel Nicolaus
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 Lower TargetHoldC$52.00 ➝ C$51.00+3.66%
3/7/2024Barclays
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 Lower TargetC$53.00 ➝ C$51.00+6.21%
2/12/2024Royal Bank of Canada
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 Lower TargetOutperformC$55.00 ➝ C$54.00+15.26%
1/5/2024ATB Capital
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 Set TargetOutperformC$56.00+14.24%
10/19/2023CIBC
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 Lower TargetOutperformC$64.00 ➝ C$56.00+26.96%
10/19/2023Raymond James
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 Lower TargetC$56.00 ➝ C$54.00+22.42%
9/13/2023Credit Suisse Group
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 Lower TargetC$52.00 ➝ C$51.00+9.70%
9/13/2023CSFB
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 Lower TargetNeutralC$52.00 ➝ C$51.00+9.96%
9/12/2023National Bank Financial
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 Lower TargetC$55.00 ➝ C$53.00+15.27%
8/8/2023TD Securities
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 Lower TargetBuyC$62.00 ➝ C$58.00+20.28%
4/25/2023Morgan Stanley
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 Lower TargetC$64.00 ➝ C$63.00+17.32%
10/3/2022UBS Group
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 Lower TargetC$62.00 ➝ C$59.00+12.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 04:33 PM ET.

ENB Forecast - Frequently Asked Questions

What is Enbridge's stock forecast and purchase recommendation?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Enbridge is C$53.44, with a high forecast of C$58.00 and a low forecast of C$48.00. The consensus rating for Enbridge stock is Hold based on the current 7 hold ratings and 6 buy ratings for ENB. Learn more on ENB's analyst rating history.

Do Wall Street analysts like Enbridge more than its competitors?

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

Is Enbridge being downgraded by Wall Street analysts?

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

Does Enbridge's stock price have much upside?

According to analysts, Enbridge's stock has a predicted upside of 10.75% based on their 12-month stock forecasts.

What analysts cover Enbridge?

Enbridge has been rated by research analysts at BMO Capital Markets, Jefferies Financial Group, JPMorgan Chase & Co., National Bankshares, Scotiabank, Stifel Nicolaus, and Wells Fargo & Company in the past 90 days.


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This page (TSE:ENB) was last updated on 6/25/2024 by MarketBeat.com Staff

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