Enbridge (ENB) Stock Forecast & Price Target

C$59.53 +0.76 (+1.29%)

(As of 11/13/2024 ET)

Enbridge - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 11 Analyst Ratings

Sell
0

Hold
8

Buy
3

Based on 11 Wall Street analysts who have issued ratings for Enbridge in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 8 have given a hold rating, and 3 have given a buy rating for ENB.

Consensus Price Target

C$57.54
-3.35% Downside

According to the 11 analysts' twelve-month price targets for Enbridge, the average price target is C$57.54. The highest price target for ENB is C$67.00, while the lowest price target for ENB is C$48.00. The average price target represents a forecasted downside of -3.35% from the current price of C$59.53.

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ENB Analyst Ratings Over Time

Type	Current Forecast 11/15/23 to 11/14/24	1 Month Ago 10/16/23 to 10/15/24	3 Months Ago 8/17/23 to 8/16/24	1 Year Ago 11/15/22 to 11/15/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	8 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	C$57.54	C$55.25	C$53.40	C$53.21
Forecasted Upside	-3.35% Downside	-2.99% Downside	0.79% Upside	16.39% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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ENB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ENB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Enbridge Stock vs. The Competition

Type	Enbridge	Energy Companies
Consensus Rating Score	2.27	2.81
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent ENB News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/11/2024	Barclays 3 of 5 stars		Boost Target		C$54.00 ➝ C$59.00	-0.79%
11/6/2024	Wells Fargo & Company 3 of 5 stars	M. Blum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell ➝ Hold
11/4/2024	CIBC 3 of 5 stars		Boost Target		C$59.00 ➝ C$67.00	+18.69%
10/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Equal Weight	C$64.00	+12.56%
10/22/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$54.00 ➝ C$59.00	+2.95%
10/3/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$55.00 ➝ C$59.00	+7.53%
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10/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$57.00 ➝ C$60.00	+9.35%
9/30/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	C$55.00 ➝ C$58.00	+6.09%
9/5/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$54.00 ➝ C$56.00	+2.30%
8/23/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$53.00 ➝ C$57.00	+6.44%
6/14/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Hope Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
4/25/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$52.00 ➝ C$51.00	+3.66%
1/5/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	C$56.00	+14.24%
9/13/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$52.00 ➝ C$51.00	+9.70%
9/13/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$52.00 ➝ C$51.00	+9.96%
9/12/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$55.00 ➝ C$53.00	+15.27%
8/8/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$62.00 ➝ C$58.00	+20.28%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 02:13 AM ET.

Should I Buy Enbridge Stock? ENB Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 1, 2024. Please send any questions or comments about these Enbridge pros and cons to contact@marketbeat.com.

Enbridge
Bull Case

Here are some ways that investors could benefit from investing in Enbridge Inc.:

Enbridge Inc. operates as an energy infrastructure company with a diversified portfolio across various segments, providing stability and potential for growth.
Recent developments in the Liquids Pipelines segment have shown strong performance, contributing to the overall revenue and profitability of the company.
Enbridge Inc. has a strong track record of dividend payments, making it an attractive option for income-focused investors.
The current stock price of Enbridge Inc. is favorable, offering a potential entry point for investors looking to capitalize on future growth.
The company's focus on renewable power generation aligns with the growing demand for sustainable energy solutions, positioning Enbridge Inc. for long-term success in a changing market.

Enbridge
Bear Case

Investors should be bearish about investing in Enbridge Inc. for these reasons:

Enbridge Inc. operates in a highly regulated industry, subject to potential changes in government policies and regulations that could impact its operations and profitability.
The energy sector is inherently volatile, and fluctuations in commodity prices could affect Enbridge Inc.'s financial performance and stock price.
Concerns about environmental impact and sustainability practices in the energy industry may pose risks to Enbridge Inc.'s reputation and future growth prospects.
Market competition and technological advancements in the energy sector could challenge Enbridge Inc.'s market position and limit its ability to innovate and adapt to changing trends.
Investors should carefully consider the overall economic outlook and market conditions before making investment decisions related to Enbridge Inc., as external factors could influence the company's performance.

ENB Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Enbridge is C$57.54, with a high forecast of C$67.00 and a low forecast of C$48.00.
: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last twelve months. There are currently 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ENB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ENB, but not buy additional shares or sell existing shares.
: According to analysts, Enbridge's stock has a predicted downside of -3.35% based on their 12-month stock forecasts.
: Over the previous 90 days, Enbridge's stock had 1 upgrade and 1 downgrade by analysts.
: Enbridge has been rated by research analysts at Barclays, BMO Capital Markets, CIBC, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, National Bankshares, Raymond James, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.
: Analysts like Enbridge less than other "energy" companies. The consensus rating for Enbridge is Hold while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how ENB compares to other companies.

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This page (TSE:ENB) was last updated on 11/14/2024 by MarketBeat.com Staff

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Enbridge (ENB) Stock Forecast & Price Target