BMO Capital Markets Increases Enbridge (TSE:ENB) Price Target to C$55.00
Enbridge (TSE:ENB) (NYSE:ENB) had its price objective lifted by BMO Capital Markets from C$54.00 to C$55.00 in a research report report published on Monday, BayStreet.CA reports.
A number of other brokerages have also commented on ENB. Wells Fargo & Co decreased their price objective on shares of Enbridge from C$53.00 to C$51.00 in a report on Tuesday, June 4th. GMP Securities decreased their price objective on shares of Enbridge from C$60.00 to C$59.00 in a report on Tuesday, August 6th. Finally, Royal Bank of Canada decreased their price objective on shares of Enbridge from C$59.00 to C$54.00 and set an outperform rating on the stock in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of C$54.18.
Shares of Enbridge stock opened at C$45.88 on Monday. The stock has a market capitalization of $92.81 billion and a P/E ratio of 18.72. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 92.29. The company has a 50-day simple moving average of C$44.52 and a 200 day simple moving average of C$47.57. Enbridge has a 12-month low of C$39.40 and a 12-month high of C$51.22.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Thursday, August 15th were issued a dividend of $0.738 per share. The ex-dividend date was Wednesday, August 14th. This represents a $2.95 dividend on an annualized basis and a yield of 6.43%. This is a positive change from Enbridge’s previous quarterly dividend of $0.33. Enbridge’s dividend payout ratio is currently 114.97%.
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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