Enbridge Inc with ticker code (ENB) have now 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 47.77 and 40.42 calculating the mean target price we have 43.75. With the stocks previous close at 38.82 this would imply there is a potential upside of 12.7%. There is a 50 day moving average of 39.91 and the 200 moving average now moves to 41.05. The company has a market capitalisation of $78,643m. Company Website: https://www.enbridge.com
The potential market cap would be $88,631m based on the market concensus.
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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.