In a report released today, Robert Catellier from CIBC maintained a Buy rating on Enbridge (ENB – Research Report), with a price target of C$57.00. The company’s shares opened today at $37.75.
Catellier covers the Energy sector, focusing on stocks such as Pembina Pipeline, Enbridge, and TC Energy. According to TipRanks, Catellier has an average return of 9.4% and a 66.02% success rate on recommended stocks.
Enbridge has an analyst consensus of Hold, with a price target consensus of $37.91, which is a 0.42% upside from current levels. In a report released yesterday, RBC Capital also assigned a Buy rating to the stock with a C$54.00 price target.
ENB market cap is currently $80.23B and has a P/E ratio of 19.25.
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Enbridge (ENB) Company Description:
Enbridge, Inc. is a Canadian energy infrastructure company that transports crude and other liquid hydrocarbons. The pipeline giant is also engaged in renewable power generation, gas distribution and storage as well as energy marketing services.
Read More on ENB:
- Enbridge Inc. Posts Strong Q1 Earnings Growth
- Options Volatility and Implied Earnings Moves Today, May 10, 2024
- Enbridge Reports Record First Quarter 2024 Financial Results, Reaffirms Financial Guidance and Advances Strategic Priorities
- Enbridge reports Q1 adjusted EPS C$0.92 vs C$0.85 last year
- Enbridge Welcomes New Director, Commits to Sustainability
