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Enbridge and TransCanada Saw Higher Target Prices


Jul. 19 2019, Updated 12:52 p.m. ET

Enbridge’s target price updates

On August 6, RBC raised its target price for Enbridge (ENB) from 54 Canadian dollars to 59 Canadian dollars. On August 4, GMP raised its target price for Enbridge to 58 Canadian dollars from 56 Canadian dollars.

Of the 16 analysts surveyed by Reuters covering Enbridge, nine rated it as a “buy” and seven rated Enbridge as a “hold.” The median target price for the stock is 53 Canadian dollars, which implies an upside of ~14% from its current price of 46.5 Canadian dollars.

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Recommendations for TransCanada

On August 3, TD Securities raised its target price for TransCanada (TRP) from 73 Canadian dollars to 74 Canadian dollars. On the same day, BMO raised its target price for the stock from 68 Canadian dollars to 69 Canadian dollars. Of the 17 analysts covering TransCanada, 13 analysts rate it as “buy” and four analysts rated it as a “hold.” The median target price for TransCanada is 66 Canadian dollars, which implies an upside of ~14% from its current price of 57.8 Canadian dollars.

On August 3, UBS raised its price target for TC PipeLines (TCP) from $24 to $28. On the same day, RBC raised its target price for the stock from $32 to $34. Of the 12 analysts covering TC PipeLines, nine analysts rate the stock as a “hold” and three analysts rate it as a “sell.”

Among the analysts covering Kinder Morgan (KMI), 71% recommend it as a “buy” and 29% recommend it as a “hold.” The mean target price for Kinder Morgan is $21.


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