Stock To Watch: Enbridge Inc (NYSE:ENB)


The leading market experts have placed a mean price target of $43.57 on Enbridge Inc (NYSE:ENB) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.49 a share for the upcoming quarter and $2.31 for the current fiscal. Technical View The technical analysis of Enbridge Inc Common Stock plainly substantiates that the 50-day moving average of Enbridge Inc Common Stock is $41.13, and stock is hovering 0.87 or +2.12% distant from $41.13. It is noted that the 200-day MA is $36.99, and Enbridge Inc Common Stock stock is $5.01 or +13.54% off from this point. Enbridge Inc (NYSE:ENB) 52-week high is $47.08 and the 52-week low is $27.43. This explains if the stock moves $-5.08, it will post a 52-week high. In event of $+53.12% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Enbridge Inc Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Enbridge Inc (NYSE:ENB) ratio came in at 29.83. The stock last ended the trading session at $42.00 and registered a market cap of $39.02B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Enbridge Inc (NYSE:ENB) PEG ratio is at 2.69.

1 Chart Pattern Every Investor Should Know

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