Enbridge Inc with ticker code (ENB) have now 6 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 48.62 and 41.14 and has a mean target at $45.01. Given that the stocks previous close was at $40.05 and the analysts are correct then we can expect a percentage increase in value of 12.4%. The 50 day MA is $38.52 and the 200 day moving average is $40.15. The company has a market capitalization of $81,110m. You can visit the company’s website by visiting: https://www.enbridge.com
The potential market cap would be $91,156m based on the market consensus.
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in the natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The Energy Services segment provides physical commodity marketing and logistical services to refiners, producers, and other customers in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
The company has a dividend yield of 6.5% with the ex dividend date set at 14-2-2023 (DMY).
Other points of data to note are a P/E ratio of 42.05, revenue per share of 26.33 and a 3.02% return on assets.
