Breaking: BMO Capital Reiterates $59 Price Objective On Enbridge (NYSE:ENB) Shares, Reiterates Their Original “Outperform” Rating

June 14, 2018 - By Louis Casey

Enbridge Inc. (NYSE:ENB) Logo

Enbridge (NYSE:ENB) Rating Reaffirmed

Recently, In a research note sent to investors on Thursday morning, Enbridge (NYSE:ENB) shares have had their “Outperform” Rating reiterated by professional analysts at BMO Capital, who currently has a $59 TP on firm. This target by BMO Capital means the possibile upside of 80.98 % from the stock close price.

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. As per Friday, March 23, the company rating was maintained by Morgan Stanley. On Tuesday, May 22 the stock rating was maintained by IBC with “Buy”. The firm earned “Equal-Weight” rating on Friday, February 9 by Morgan Stanley.

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 $647.03M 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: Seekingalpha.com which released: “Downside Protection For Enbridge” on May 23, 2018, also Bizjournals.com with their article: “Underwater construction begins on cross-border section of natural gas pipeline” published on June 14, 2018, Fool.ca published: “Does Enbridge Inc. (TSX:ENB) or AltaGas Ltd. (TSX:ALA) Deserve to Be on Your Dividend Buy List?” on June 12, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Seekingalpha.com and their article: “Enbridge adjusts pipeline policy following BP complains” published on June 11, 2018 as well as Fool.com‘s news article titled: “Better Buy: Enbridge Inc vs. Kinder Morgan, Inc.” with publication date: June 08, 2018.

Enbridge Inc. (NYSE:ENB) Ratings Chart

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