Barclays Upgrades Enbridge (ENB) to Overweight; Less Commodity Risk
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Price: $46.89 -0.89%
Rating Summary:
7 Buy, 3 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 13
Rating Summary:
7 Buy, 3 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 13
Trade ENB Now!
Barclays upgraded Enbridge (NYSE: ENB) from Equalweight to Overweight with a price target of $45.00 (from $41.00).
Analyst, Richard Gross, said, "We expect Enbridge to generate double-digit growth and a total return 3-year CAGR of ~15%. When looking at traditional valuation metrics such as P/E and EV/EBITDA, the name looks expensive but we'd note that the Canadian market places a premium on stocks with a solid track record and dividend growth."
Barclays lowers FY12 EPS estimate from $1.66 to $1.60 and FY13 from $1.86 to $1.81.
For an analyst ratings summary and ratings history on Enbridge click here. For more ratings news on Enbridge click here.
Shares of Enbridge closed at $39.87 yesterday, with a 52 week range of $28.50-$42.06.
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Analyst, Richard Gross, said, "We expect Enbridge to generate double-digit growth and a total return 3-year CAGR of ~15%. When looking at traditional valuation metrics such as P/E and EV/EBITDA, the name looks expensive but we'd note that the Canadian market places a premium on stocks with a solid track record and dividend growth."
Barclays lowers FY12 EPS estimate from $1.66 to $1.60 and FY13 from $1.86 to $1.81.
For an analyst ratings summary and ratings history on Enbridge click here. For more ratings news on Enbridge click here.
Shares of Enbridge closed at $39.87 yesterday, with a 52 week range of $28.50-$42.06.
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