- Enbridge (ENB, Financial) eyes potential pipeline expansion, pending legislative shifts.
- Analysts offer mixed price target estimates with a slight upside potential.
- Current recommendations suggest a "Hold" status for Enbridge Inc.
Enbridge Inc. (ENB) is currently exploring the feasibility of a new pipeline initiative to enhance oil exports from western Canada. This project, however, hinges on significant legislative reforms at both provincial and federal levels, particularly in terms of climate policy and indigenous engagement. Alberta's Premier is optimistic about private sector engagement in creating a new pipeline route.
Analyst Price Targets and Recommendations
According to the latest evaluations from 8 analysts, Enbridge Inc. (ENB, Financial) has a one-year average price target of $45.52. This falls between a high estimate of $49.54 and a low of $40.07. The average target price suggests a slight upside of 0.82% from the current trading price of $45.15. For further in-depth estimates, visit the Enbridge Inc (ENB) Forecast page.
The consensus recommendation from 14 brokerage firms currently positions Enbridge Inc. (ENB, Financial) with an average brokerage recommendation score of 2.6, indicating a "Hold" rating. The rating scale ranges from 1 (Strong Buy) to 5 (Sell).
GF Value Estimate and Investment Implications
GuruFocus provides an estimated GF Value for Enbridge Inc. (ENB, Financial) at $40.53 over the next year, which suggests a potential downside of 10.23% from its current price of $45.15. The GF Value represents GuruFocus' fair value estimate, calculated using historical trading multiples, past business growth, and forward-looking performance predictions. For a deeper understanding of this valuation, consult the Enbridge Inc (ENB) Summary page.
