In a report released today, Manav Gupta from UBS maintained a Hold rating on Enbridge (ENB – Research Report), with a price target of C$75.00. The company’s shares opened today at $46.95.
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Gupta covers the Energy sector, focusing on stocks such as DT Midstream, PBF Energy, and Cheniere Energy. According to TipRanks, Gupta has an average return of -1.5% and a 53.52% success rate on recommended stocks.
Enbridge has an analyst consensus of Moderate Buy, with a price target consensus of $50.75, implying an 8.09% upside from current levels. In a report released on June 3, Barclays also maintained a Hold rating on the stock with a C$65.00 price target.
Based on Enbridge’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $18.5 billion and a net profit of $2.36 billion. In comparison, last year the company earned a revenue of $11.04 billion and had a net profit of $1.51 billion
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