Enbridge (TSE:ENB) Lifted to “Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Enbridge (TSE:ENB) (NYSE:ENB) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

A number of other brokerages have also recently commented on ENB. TD Securities boosted their target price on shares of Enbridge from C$58.00 to C$60.00 and gave the company a buy rating in a report on Tuesday, February 18th. Tudor Pickering restated a buy rating and set a C$53.00 target price on shares of Enbridge in a report on Monday, March 16th. BMO Capital Markets boosted their target price on shares of Enbridge from C$55.00 to C$56.00 in a report on Wednesday, December 11th. Scotiabank boosted their target price on shares of Enbridge from C$55.00 to C$60.00 in a report on Friday, February 7th. Finally, US Capital Advisors upgraded shares of Enbridge from a hold rating to a buy rating in a report on Friday, March 13th. Eight investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average target price of C$55.13.

Shares of ENB stock opened at C$41.94 on Tuesday. Enbridge has a 12 month low of C$33.06 and a 12 month high of C$57.32. The stock has a market cap of $75.03 billion and a PE ratio of 15.95. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 94.99. The company’s fifty day moving average price is C$48.97 and its 200-day moving average price is C$49.53.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, February 14th. The company reported C$0.61 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.65 by C($0.04). The firm had revenue of C$12.35 billion for the quarter, compared to analysts’ expectations of C$12.39 billion. On average, sell-side analysts forecast that Enbridge will post 2.8299998 earnings per share for the current fiscal year.

Enbridge Company Profile

Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.

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Analyst Recommendations for Enbridge (TSE:ENB)

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