TD Securities raises target to CAD 83.00: Enbridge stock costs EUR 42.12

Published on 10/20/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD Securities kept its Buy rating on October 16, 2026. Enbridge stock costs EUR 42.12 on October 20, 2026, with a CAD 83.00 target.

Targets and quarterly scale

TD Securities lifted its Enbridge target to CAD 83.00 on October 16, 2026.
Second-quarter 2026 revenue reached CAD 29.318 billion and net income was CAD 1.396 billion.
Enbridge stock trades at EUR 42.12 at 10:36 a.m. CEST at Lang & Schwarz on October 20, 2026.

ENB, CA29250N1050, Illustration mit AI erstellt.

Enbridge Inc. (CA29250N1050) stock costs EUR 42.12 at Lang & Schwarz on October 20, 2026 at 10:36 a.m. CEST. TD Securities raised its target for Enbridge from CAD 81.00 to CAD 83.00 on October 16, 2026, while keeping a Buy rating, according to Markets Insider.

Target rises ahead of results

The TD Securities review was framed as a third-quarter earnings preview and pointed to Permian dry gas growth opportunities. The target increase was CAD 2.00, or 2.47 percent versus the former CAD 81.00 target, giving the latest analyst action a measurable but limited valuation effect.

Enbridge's latest reported quarter was the second quarter of 2026. The company's investor-relations materials show revenue of CAD 29.3 billion and GAAP earnings attributable to common shareholders of CAD 1.4 billion for the period ended June 30, 2026. The figures came with a secured growth backlog of CAD 41 billion and reaffirmed 2026 guidance, according to Enbridge.

Three dated company events

On July 28, 2026, Enbridge declared a quarterly dividend of CAD 0.9700 per common share, according to Enbridge. On July 31, 2026, it reported second-quarter revenue of CAD 29.3 billion and net income of CAD 1.4 billion, according to Enbridge. On October 16, 2026, TD Securities raised its target to CAD 83.00 while retaining its Buy rating, as Markets Insider reported.

What does CAD 83.00 mean?

The revised target places the latest analyst view above the prior CAD 81.00 level, but it does not change Enbridge's operating record. The second-quarter figures show a large revenue base, while the CAD 41 billion secured backlog provides a separate measure of future project visibility.

Stock trades in morning session

Enbridge operates energy infrastructure across liquids pipelines, gas transmission, gas distribution and storage, and renewable power generation. Its primary listings are the NYSE and TSX, and the company is classified in the Energy sector and Oil and Gas Midstream industry.

Enbridge stock was trading at EUR 42.12 at Lang & Schwarz on October 20, 2026 at 10:36 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Enbridge stock.