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Royal Bank of Canada raised Enbridge’s price target to C$76 amid strong earnings, though stock dipped to C$70.18 on Feb. 17.
Royal Bank of Canada raised Enbridge’s price target to C$76.00 from C$72.00, maintaining an “outperform” rating, citing strong quarterly results with C$0.88 earnings per share and C$17.18 billion in revenue.
The stock traded down to C$70.18 on February 17, below its average volume, with a market cap of C$153.20 billion.
Enbridge operates energy infrastructure across North America and Europe, advancing hydrogen, renewable natural gas, and carbon capture.
Analysts project full-year EPS of C$3.51, with a consensus “Moderate Buy” rating and a target of C$73.31.
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El Royal Bank of Canada elevó el precio objetivo de Enbridge a C$76 en medio de fuertes ganancias, aunque las acciones cayeron a C$70.18 el 17 de febrero.