Enbridge (TSE:ENB) Price Target Cut to C$60.00 by Analysts at BMO Capital Markets

Enbridge (TSE:ENBGet Rating) (NYSE:ENB) had its target price decreased by BMO Capital Markets from C$63.00 to C$60.00 in a research note published on Tuesday, BayStreet.CA reports.

ENB has been the subject of a number of other reports. CSFB dropped their target price on shares of Enbridge from C$62.00 to C$58.00 in a report on Friday, July 22nd. CIBC raised their price objective on shares of Enbridge from C$60.00 to C$61.00 in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of Enbridge from C$61.00 to C$62.00 in a research note on Wednesday, May 25th. Raymond James raised shares of Enbridge from a market perform rating to an outperform rating and raised their price objective for the stock from C$57.00 to C$60.00 in a research note on Monday, September 12th. Finally, National Bankshares raised their price objective on shares of Enbridge from C$60.00 to C$61.00 and gave the stock an outperform rating in a research note on Tuesday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Enbridge currently has an average rating of Moderate Buy and an average target price of C$59.35.

Enbridge Trading Down 0.7 %

Shares of Enbridge stock opened at C$54.38 on Tuesday. Enbridge has a 12-month low of C$46.88 and a 12-month high of C$59.69. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 122.20. The stock has a market cap of C$110.11 billion and a PE ratio of 22.56. The company has a 50-day moving average of C$55.58 and a two-hundred day moving average of C$56.32.

Enbridge (TSE:ENBGet Rating) (NYSE:ENB) last issued its earnings results on Friday, July 29th. The company reported C$0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.72 by C($0.05). The business had revenue of C$13.22 billion for the quarter. On average, research analysts anticipate that Enbridge will post 3.0794471 EPS for the current fiscal year.

Enbridge Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were issued a $0.86 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 6.33%. Enbridge’s dividend payout ratio (DPR) is presently 140.66%.

Enbridge Company Profile

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Enbridge Inc 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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Analyst Recommendations for Enbridge (TSE:ENB)

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