Enbridge (ENB) Stock Forecast & Price Target

C$54.94

-0.48 (-0.87%)

(As of 09/26/2024 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

Moderate Buy

Based on 10 Analyst Ratings

Sell
0

Hold
5

Buy
5

Based on 10 Wall Street analysts who have issued ratings for Enbridge in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 5 have given a hold rating, and 5 have given a buy rating for ENB.

Consensus Price Target

C$54.33
-1.10% Downside

According to the 10 analysts' twelve-month price targets for Enbridge, the average price target is C$54.33. The highest price target for ENB is C$59.00, while the lowest price target for ENB is C$48.00. The average price target represents a forecasted downside of -1.10% from the current price of C$54.94.

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ENB Analyst Ratings Over Time

Type	Current Forecast 9/28/23 to 9/27/24	1 Month Ago 8/29/23 to 8/28/24	3 Months Ago 6/30/23 to 6/29/24	1 Year Ago 9/28/22 to 9/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	5 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	C$54.33	C$53.67	C$53.44	C$55.60
Forecasted Upside	-1.10% Downside	1.11% Upside	9.80% Upside	22.82% Upside
Consensus Rating	Moderate Buy	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	2.50	2.76
Consensus Rating	Moderate Buy	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
9/5/2024	BMO Capital Markets 4 of 5 stars		Boost Target		C$54.00 ➝ C$56.00	+2.30%
8/23/2024	National Bankshares 1 of 5 stars		Boost Target	Sector Perform	C$53.00 ➝ C$57.00	+6.44%
8/7/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target		C$56.00 ➝ C$57.00	+7.06%
7/15/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$57.00 ➝ C$59.00	+19.99%
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
6/4/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$45.00 ➝ C$48.00	-2.44%
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5/13/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$53.00 ➝ C$55.00	+6.73%
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%
3/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$53.00 ➝ C$51.00	+6.21%
2/12/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$55.00 ➝ C$54.00	+15.26%
1/5/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	C$56.00	+14.24%
10/19/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$56.00 ➝ C$54.00	+22.42%
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%
4/25/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$64.00 ➝ C$63.00	+17.32%
10/3/2022	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$62.00 ➝ C$59.00	+12.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:10 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 Saturday, September 21, 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 multiple segments, providing stability and potential for growth.
Recent developments in the Liquids Pipelines segment have shown strong performance, contributing to the company's overall revenue and profitability.
Enbridge Inc. has a strong track record of dividend payments, making it an attractive option for income-seeking investors.
The current stock price of Enbridge Inc. is trading at a favorable valuation, offering potential upside for investors.
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. faces regulatory and environmental challenges in its operations, which could impact future growth prospects and profitability.
The energy sector is subject to market volatility and geopolitical risks, which may affect Enbridge Inc.'s financial performance and stock price.
Competition in the energy infrastructure industry is intense, leading to pricing pressures and potential margin compression for Enbridge Inc.
Investors should carefully monitor the company's debt levels and leverage ratios, as high debt can pose risks to Enbridge Inc.'s financial health and credit rating.
Changes in government policies and regulations related to energy production and distribution could impact Enbridge Inc.'s operations and profitability in the future.

ENB Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Enbridge is C$54.33, with a high forecast of C$59.00 and a low forecast of C$48.00.
: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ENB shares.
: According to analysts, Enbridge's stock has a predicted downside of -1.10% based on their 12-month stock forecasts.
: Enbridge has been rated by research analysts at BMO Capital Markets, CIBC, JPMorgan Chase & Co., and National Bankshares in the past 90 days.
: Analysts like Enbridge less than other "energy" companies. The consensus rating score for Enbridge is 2.50 while the average consensus rating score for "energy" companies is 2.76. Learn more on how ENB compares to other companies.