Analysts’ median target price for Enbridge (ENB) for the next year is $48. The median target price implies an 11.0% price return over the next year compared to ENB’s current price of $43.40.
About 82.0% of the analysts surveyed have rated Enbridge a “buy,” while 18.0% have rated it a “hold.” None of the analysts rated ENB a “sell.”
Projects under review
In addition to several projects under construction, Enbridge has numerous projects currently under various stages of review. They include the Northern Gateway Project, the East-West Tie Transmission Project, the Sandpiper Pipeline Project, and the Whitetail Peaking Station Project.