Barclays cuts target to CAD 73 for Enbridge stock

Published on 10/12/2026 at 12:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan cut its target from CAD 81 to CAD 76 on October 6, 2026. Enbridge stock was EUR 41.85 at Lang & Schwarz on October 12, 2026.

Key points in brief

Barclays cut its Enbridge target from CAD 75 to CAD 73 while retaining an Equal Weight rating on October 7, 2026.
Enbridge reported second-quarter adjusted EBITDA of CAD 4.8 billion, up 2.8 percent year over year.
The stock was EUR 41.85 at Lang & Schwarz on October 12, 2026 at 12:09 p.m. CEST.
Third-quarter results are scheduled for November 6, 2026, before markets open.

ENB, CA29250N1050, Illustration mit AI erstellt.

Barclays cut its Enbridge target from CAD 75 to CAD 73 and kept an Equal Weight rating on October 7, 2026, according to Markets Insider. The move puts the latest analyst debate on valuation ahead of Enbridge's third-quarter report.

Three dated signals for Enbridge

On July 31, 2026, Enbridge reported second-quarter adjusted EBITDA of CAD 4.8 billion, up 2.8 percent from the prior-year quarter, while distributable cash flow increased 1.6 percent to CAD 2.95 billion, Zacks reported. On September 14, 2026, the company issued 44,735,000 common shares in an offering, according to Enbridge. On October 7, 2026, Barclays lowered its target to CAD 73 from CAD 75 while retaining Equal Weight, according to Markets Insider.

What does the target cut mean?

The latest target cut follows JPMorgan's reduction from CAD 81 to CAD 76 on October 6, 2026, while JPMorgan kept a Neutral rating and cited a seasonal step-down in the third-quarter report, according to Markets Insider. The contrast is clear: Enbridge's second-quarter adjusted EBITDA grew from CAD 4.6 billion to CAD 4.8 billion, but higher depreciation and interest expense pushed adjusted earnings down 2.5 percent to CAD 1.4 billion.

Next report date is November 6

Enbridge will release third-quarter 2026 results before markets open on November 6, 2026, followed by a conference call at 9:00 a.m. ET, according to Enbridge. That date gives investors a defined checkpoint for the seasonal earnings concern cited by JPMorgan.

EUR 41.85 in afternoon trading

Enbridge stock was trading at EUR 41.85 at Lang & Schwarz on October 12, 2026 at 12:09 p.m. CEST. The company had a market capitalization of USD 101.8 billion on October 9, 2026, while its 52-week range was USD 45.03 to USD 58.45. The further course of trading is shown by the continuously updated real-time quote of Enbridge stock.