80.98 % to Target, BMO Capital Reconfirms ‘”Outperform”’ Rating on Enbridge (NYSE:ENB) Shares Today

June 14, 2018 - By Bradley Stiles

Enbridge Inc. (NYSE:ENB) Logo

Enbridge (NYSE:ENB) Rating Reaffirmed

Enbridge (NYSE:ENB) just had their share rating of a ‘”Outperform”‘ issued by research analysts at BMO Capital, who now has a $59 price target on the $55.51B market cap company or a 80.98 % upside potential. This key information was revealed to investors in analysts note on Thursday morning.

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 it with “Buy” rating and $5700 target in Tuesday, May 22 report. Morgan Stanley maintained Enbridge Inc. (NYSE:ENB) rating on Friday, February 9. Morgan Stanley has “Equal-Weight” rating and $38 target. The stock of Enbridge Inc. (NYSE:ENB) earned “Equal-Weight” rating by Morgan Stanley on Friday, March 23.

The stock increased 0.59% or $0.19 during the last trading session, reaching $32.6. About 2.93 million 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 earnings per share, 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 earnings per share 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: “Chesapeake Energy: Now Is Not The Time To Sell As The Party Is Just Beginning” on June 14, 2018, also Seekingalpha.com with their article: “Enbridge adjusts pipeline policy following BP complains” published on June 11, 2018, Bizjournals.com published: “Exxon Mobil, Plains All American to create Permian pipeline JV” on June 13, 2018. More interesting news about Enbridge Inc. (NYSE:ENB) were released by: Fool.ca and their article: “Where RRSP Investors Can Find Dividend Growth” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Enbridge: A Closer Look At The Growth Opportunities” with publication date: June 13, 2018.

Enbridge Inc. (NYSE:ENB) Ratings Chart

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