Reaffirmed: Enbridge (NYSE:ENB) Outperform Rating Reiterated by Analysts at BMO Capital; $59 Target in Place

June 14, 2018 - By Vivian Currie

Enbridge Inc. (NYSE:ENB) Logo

Enbridge (NYSE:ENB) Rating Reaffirmed

The financial company has just set a target price per share of $59 on Enbridge (NYSE:ENB) shares. This is 80.98 % from the last stock close. In analysts report released on 14 June, BMO Capital restate their Outperform rating on shares of ENB.

Enbridge Inc. (NYSE:ENB) Ratings Coverage

Among 3 analysts covering Enbridge (NYSE:ENB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Enbridge has $5700 highest and $34 lowest target. $45.50’s average target is 39.57% above currents $32.6 stock price. Enbridge had 4 analyst reports since February 9, 2018 according to SRatingsIntel. IBC maintained the shares of ENB in report on Tuesday, May 22 with “Buy” rating. Morgan Stanley maintained the shares of ENB in report on Friday, February 9 with “Equal-Weight” rating. The rating was maintained by Morgan Stanley on Friday, March 23 with “Equal-Weight”.

The stock increased 0.59% or $0.19 during the last trading session, reaching $32.6. About 2.93M shares traded. Enbridge Inc. (NYSE:ENB) has declined 20.51% since June 15, 2017 and is downtrending. It has underperformed by 33.08% the S&P500.

Analysts await Enbridge Inc. (NYSE:ENB) to report earnings on August, 2. They expect $0.38 EPS, up 26.67 % or $0.08 from last year’s $0.3 per share. ENB’s profit will be $647.03 million for 21.45 P/E if the $0.38 EPS becomes a reality. After $0.82 actual EPS reported by Enbridge Inc. for the previous quarter, Wall Street now forecasts -53.66 % negative EPS growth.

Enbridge Inc. operates as an energy infrastructure firm in Canada and the United States. The company has market cap of $55.51 billion. The firm operates in five divisions: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. It has a 29.74 P/E ratio. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids , and refined products pipelines and terminals.

More notable recent Enbridge Inc. (NYSE:ENB) news were published by: Bizjournals.com which released: “Exxon Mobil, Plains All American to create Permian pipeline JV” on June 13, 2018, also Fool.ca with their article: “Does Enbridge Inc. (TSX:ENB) or AltaGas Ltd. (TSX:ALA) Deserve to Be on Your Dividend Buy List?” published on June 12, 2018, 247Wallst.com published: “What’s Behind Enbridge Offer for Spectra Energy Partners” on May 18, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Seekingalpha.com and their article: “Enbridge: A Closer Look At The Growth Opportunities” published on June 13, 2018 as well as Fool.com‘s news article titled: “3 Energy Mergers That Need to Happen” with publication date: June 12, 2018.

Enbridge Inc. (NYSE:ENB) Ratings Chart

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