The leading market experts have placed a mean price target of $43.62 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 $0.42 a share for the upcoming quarter and $1.77 for the current fiscal.
The technical analysis of Enbridge Inc Common Stock plainly substantiates that the 50-day moving average of Enbridge Inc Common Stock is $41.31, and stock is trading $0.52 points away or +1.26% from its 50-day moving average of $41.31. Further it is trading $2.91 or +7.47% away its 200-day moving average of $38.92. Enbridge Inc (NYSE:ENB) 52-week high is $44.17 and the 52-week low is $27.43.
This explains if the stock moves $-2.34, it will post a 52-week high. In event of +52.50% 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 37.58.
The stock last ended the trading session at $41.83 and registered a market cap of $39.08B. 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 9.19.
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