Enbridge stock: TD Securities raises target for Enbridge stock to CAD 83.00

Published on 10/20/2026 at 16:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Enbridge booked CAD 1.57 billion net income in second-quarter 2026. Enbridge stock costs EUR 42.40 on October 20, 2026 during regular trading.

Analyst target and results

TD Securities raised its Enbridge target from CAD 81.00 to CAD 83.00 while keeping a Buy rating.
Enbridge reported CAD 29.32 billion in revenue and CAD 1.57 billion in net income for the second quarter of 2026.
Enbridge stock was trading at EUR 42.40 at Lang & Schwarz on October 20, 2026 at 3:41 p.m. CEST.
Enbridge will publish third-quarter 2026 results on November 6, 2026.

ENB, CA29250N1050, Illustration mit AI erstellt.

TD Securities raised its price target for Enbridge from CAD 81.00 to CAD 83.00 while keeping a Buy rating, as Business Insider reported. Enbridge was trading at EUR 42.40 at Lang & Schwarz on October 20, 2026 at 3:41 p.m. CEST.

Revenue and earnings set the base

Enbridge generated CAD 29.32 billion in revenue and CAD 1.57 billion in net income during the second quarter of 2026. Diluted earnings per share were CAD 0.64 for the period. The figures give the analyst target revision an operating reference beyond the stock quotation.

The company's investor-relations page identifies the second-quarter results as unaudited figures in Canadian dollars and reports GAAP earnings attributable to common shareholders of CAD 1.40 billion, or CAD 0.64 per share, for the period ended June 30, 2026. The same release said Enbridge reaffirmed its 2026 financial guidance and reported a secured backlog of CAD 41.00 billion, according to Enbridge.

Market value and trading position

Enbridge's NYSE quote was USD 47.61 on October 20, 2026 at 9:59 a.m. ET, while the 52-week range was USD 45.03 to USD 58.45. The market capitalization was USD 106.1 billion, and the price-to-earnings ratio was 22.29. These figures place the stock USD 10.84 above its yearly low and USD 10.84 below its yearly high.

Target revision precedes November results

TD Securities' new CAD 83.00 target is CAD 2.00, or 2.47 percent, above its former CAD 81.00 target. Enbridge's next scheduled corporate event is its third-quarter 2026 results release before markets open on November 6, 2026, followed by a 9:00 a.m. ET webcast, according to Enbridge.

What the target means for valuation

The revised target remains below the company's recent NYSE high of USD 58.45, leaving the next earnings release as the next dated test for the operating figures behind the valuation. Enbridge's reported second-quarter net income and secured backlog provide the main benchmarks for that update.

Enbridge stock stays linked to the next report

The analyst revision, second-quarter results and November 6 reporting date give investors three concrete points for assessing the stock. Enbridge was trading at EUR 42.40 at Lang & Schwarz on October 20, 2026 at 3:41 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Enbridge stock.