Jefferies Financial Group Upgrades Enbridge (TSE:ENB) to “Buy”

Enbridge (TSE:ENB) (NYSE:ENB) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the stock. Barclays boosted their target price on shares of Enbridge from C$51.00 to C$55.00 in a research note on Tuesday, January 14th. Morgan Stanley decreased their target price on shares of Enbridge from C$50.00 to C$40.00 in a research note on Monday, March 16th. Tudor Pickering & Holt set a C$53.00 target price on shares of Enbridge and gave the company a “buy” rating in a research note on Monday, March 16th. UBS Group upgraded shares of Enbridge from a “neutral” rating to a “buy” rating and boosted their target price for the company from C$50.00 to C$54.00 in a research note on Monday, November 25th. Finally, Citigroup upped their price objective on Enbridge from C$51.00 to C$55.00 in a research note on Tuesday, February 4th. Eight investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of C$55.13.

Shares of ENB opened at C$40.58 on Tuesday. The firm has a market cap of $75.03 billion and a PE ratio of 15.43. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 94.99. The firm has a fifty day simple moving average of C$49.25 and a two-hundred day simple moving average of C$49.55. Enbridge has a 1-year low of C$33.06 and a 1-year high of C$57.32.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, February 14th. The company reported C$0.61 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.65 by C($0.04). The business had revenue of C$12.35 billion for the quarter, compared to analyst estimates of C$12.39 billion. As a group, research analysts forecast that Enbridge will post 2.8299998 EPS for the current fiscal year.

About Enbridge

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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Analyst Recommendations for Enbridge (TSE:ENB)

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