Enbridge (ENB) Stock Forecast & Price Target

C$59.43 +0.87 (+1.49%)

(As of 12/20/2024 05:17 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 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$60.31
1.48% Upside

According to the 11 analysts' twelve-month price targets for Enbridge, the average price target is C$60.31. The highest price target for ENB is C$69.00, while the lowest price target for ENB is C$51.00. The average price target represents a forecasted upside of 1.48% from the current price of C$59.43.

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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	3 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	5 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$60.31	C$58.00	C$54.33	C$53.21
Forecasted Upside	1.48% Upside	-4.59% Downside	-1.18% Downside	11.28% Upside
Consensus Rating	Hold	Hold	Moderate Buy	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	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
12/5/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target		C$66.00 ➝ C$69.00	+11.36%
12/5/2024	Wells Fargo & Company 3 of 5 stars	P. Satish Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$57.00 ➝ C$60.00	-3.16%
12/4/2024	BMO Capital Markets 4 of 5 stars		Boost Target		C$59.00 ➝ C$60.00	-1.96%
12/4/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$61.00 ➝ C$63.00	+2.94%
12/4/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$59.00 ➝ C$63.00	+2.94%
12/4/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Hope Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$57.00 ➝ C$61.00	-0.33%
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11/26/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$59.00 ➝ C$63.00	+5.28%
11/11/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$54.00 ➝ C$59.00	-0.79%
10/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Equal Weight	C$64.00	+12.56%
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%
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%
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 Saturday at 09:23 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 Thursday, December 12, 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. recently reached a new 52-week high, trading at C$60.24, indicating strong market performance and investor confidence.
The company has announced a quarterly dividend of $0.915, which translates to an annualized dividend of $3.66 and a yield of approximately 6.08%. This can provide a steady income stream for investors.
Analysts have shown positive sentiment, with several firms raising their price targets, including CIBC increasing theirs to C$67.00, suggesting potential for further price appreciation.
Enbridge Inc. operates in multiple segments, including Liquids Pipelines and Renewable Power Generation, which diversifies its revenue streams and reduces risk associated with reliance on a single market.
The company has a relatively stable beta of 0.90, indicating that its stock price is less volatile compared to the market, which can be appealing for risk-averse investors.

Enbridge
Bear Case

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

The dividend payout ratio is quite high at 140.77%, which may raise concerns about the sustainability of future dividends if earnings do not grow sufficiently.
Recent earnings estimates have been revised downward by analysts, with US Capital Advisors lowering their Q4 2024 EPS estimate from $0.79 to $0.75, indicating potential challenges in meeting earnings expectations.
Enbridge Inc. has a high debt-to-equity ratio of 131.26, which suggests that the company is heavily reliant on debt financing, potentially increasing financial risk.
Despite recent price increases, the stock has a relatively high P/E ratio of 23.12, which may indicate that it is overvalued compared to its earnings, making it less attractive for value investors.
Market analysts have issued a consensus rating of "Hold," suggesting that there may not be strong bullish sentiment for the stock in the near term.

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$60.31, with a high forecast of C$69.00 and a low forecast of C$51.00.
: 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 upside of 1.48% 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, Raymond James, Royal Bank of Canada, Scotiabank, 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 12/21/2024 by MarketBeat.com Staff

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Enbridge (ENB) Stock Forecast & Price Target