Analyst Ratings Coverage
RBC Capital (Rank #3), has maintained an “Outperform” rating on Enbridge’s stock. This rating suggests that they believe the stock has the potential to outperform the overall market or sector. However, they have adjusted their target price downward to CAD 55 from $60.
National Bank Financial (Rank#15) has assigned a “Sector Perform” rating to Enbridge’s stock. This rating typically implies that the stock is expected to perform in line with the overall sector. National Bank Financial has reduced the 12 month target price to CAD 49 from $53 on the stock.
ENB Stock Analysis
- Average Analyst Target Price:
- The average analyst target price for Enbridge Inc is CAD 54.39 over the next 12 months. This is an important metric as it represents the consensus view of 15 financial analysts who cover the company. It is the price at which these analysts believe the stock will trade, on average, in the coming year. In this case, CAD 54.39 suggests a positive outlook, indicating that analysts, on average, expect the stock’s price to increase over the next 12 months.
- Average Analyst Rating:
- The average analyst rating for Enbridge Inc is “Buy.” This rating reflects the collective sentiment of the analysts covering the stock. A “Buy” rating typically suggests that the majority of analysts are recommending investors to purchase the stock, indicating a favorable view of the company’s prospects.
- Stock Target Advisor’s Analysis:
- Stock Target Advisor, an independent analysis source, provides its own analysis of Enbridge Inc’s stock. According to their assessment, the stock’s outlook is “Slightly Bearish.” This suggests that their analysis is not overly optimistic and may indicate a more cautious or conservative stance.
- Stock Price Performance:
- Enbridge Inc’s stock price at the last closing was CAD 46.26. This is the most recent market price at which the stock was traded.
- Over the past week, the stock has experienced a 6.17% price increase, indicating positive momentum in the short term.
- Over the past month, the stock has seen a 6.30% price increase, which suggests a favorable trend in the medium term.
- However, over the last year, the stock price has decreased by 14.60%. This long-term performance data indicates a decline in value over the past year.
