Enbridge (ENB) Stock Forecast & Price Target

$41.37 +0.66 (+1.62%)

(As of 12/20/2024 05:40 PM ET)

Enbridge - Analysts' Recommendations and Stock Price Forecast (2025)

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 5 Analyst Ratings

Sell
0

Hold
4

Buy
1

Based on 5 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 5 analysts, 4 have given a hold rating, and 1 has given a buy rating for ENB.

Consensus Price Target

$63.00
52.28% Upside

According to the 5 analysts' twelve-month price targets for Enbridge, the average price target is $63.00. The highest price target for ENB is $63.00, while the lowest price target for ENB is $63.00. The average price target represents a forecasted upside of 52.28% from the current price of $41.37.

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ENB Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	0 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$63.00	N/A	$51.50	$55.20
Forecasted Upside	52.28% Upside	N/A	27.10% Upside	53.10% 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	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.20	2.63	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	52.28% Upside	1,671.89% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent ENB News	Positive News	Positive 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
12/4/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$59.00 ➝ $63.00	+44.46%
11/6/2024	Wells Fargo & Company 3 of 5 stars	M. Blum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight
10/25/2024	Morgan Stanley 3 of 5 stars		Initiated Coverage	Equal Weight
9/30/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
1/18/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold
10/18/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$54.00 ➝ $48.00	+47.28%
10/17/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Peer Perform ➝ Underperform
9/13/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$52.00 ➝ $51.00	+45.92%
9/11/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Perform
9/11/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperformer ➝ Outperformer	$63.00 ➝ $64.00	+88.85%
9/11/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Perform
9/8/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
8/8/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$62.00 ➝ $58.00	+61.56%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:15 PM 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 Tuesday, December 17, 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. has recently seen significant institutional investment, with Erste Asset Management GmbH purchasing 38,600 shares valued at approximately $1,572,000, indicating strong confidence in the company's future performance.
The stock is currently trading at $43.65, reflecting a positive price movement and suggesting potential for further appreciation.
Analysts have recently upgraded their ratings on Enbridge Inc., with Wells Fargo raising its rating from "underweight" to "equal weight," which may attract more investors looking for stable investments.
Enbridge Inc. has a solid market capitalization of $95.07 billion, which provides a level of stability and resilience against market volatility.
The company has a consensus target price of $63.00, suggesting that analysts believe there is room for growth in the stock price, making it an attractive option for investors seeking capital gains.

Enbridge
Bear Case

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

Enbridge Inc. has a relatively high debt-to-equity ratio of 1.41, which indicates that the company relies significantly on debt to finance its operations, potentially increasing financial risk.
The company's current ratio of 0.62 suggests that it may struggle to meet its short-term liabilities, raising concerns about liquidity and financial health.
Despite recent upgrades, Jefferies Financial Group downgraded Enbridge from a "buy" to a "hold" rating, which may signal caution among some analysts regarding the stock's future performance.
With a price-to-earnings ratio of 20.21, the stock may be considered overvalued compared to its earnings, which could deter value-focused investors.
The stock has a beta of 0.94, indicating that it is less volatile than the market, which may not appeal to investors looking for high-risk, high-reward opportunities.

ENB Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Enbridge is $63.00, with a high forecast of $63.00 and a low forecast of $63.00.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Enbridge in the last year. There are currently 4 hold ratings and 1 buy rating 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 upside of 52.28% 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 Jefferies Financial Group, Morgan Stanley, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.
: Analysts like Enbridge less than other "oils/energy" companies. The consensus rating for Enbridge is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how ENB compares to other companies.

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This page (NYSE:ENB) was last updated on 12/21/2024 by MarketBeat.com Staff

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Enbridge (ENB) Stock Forecast & Price Target