TD Securities raises target to CAD 83.00 for Enbridge stock

Published on 10/21/2026 at 11:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD Securities lifted its target to CAD 83.00 from CAD 81.00. Enbridge stock traded at EUR 42.68 on October 21, 2026 before results.

Analyst action and reporting date

TD Securities lifted its target to CAD 83.00 on October 16, 2026.
Enbridge reported CAD 1.4 billion in second-quarter earnings on July 31, 2026.
Enbridge stock traded at EUR 42.68 at 11:39 a.m. CEST at Lang & Schwarz on October 21, 2026.

ENB, CA29250N1050, Illustration mit AI erstellt.

Enbridge stock (ISIN CA29250N1050) was given a higher target by TD Securities, which lifted its forecast to CAD 83.00 from CAD 81.00 on October 16, 2026, according to Stock Analysis. At Lang & Schwarz, the stock traded at EUR 42.68 on October 21, 2026 at 11:39 a.m. CEST.

Target increase sharpens the income case

The TD Securities move gives investors a fresh valuation reference ahead of Enbridge's next results. The earlier CAD 81.00 target and the new CAD 83.00 target show a CAD 2.00 increase, while the Buy rating was retained, according to the same October 16 report.

That valuation discussion follows a second quarter in which Enbridge reported GAAP earnings attributable to common shareholders of CAD 1.4 billion, or CAD 0.64 per common share, on July 31, 2026. Enbridge also said its secured growth backlog reached CAD 41 billion and reaffirmed its 2026 financial guidance.

What does the next report test?

The immediate test is whether the company can support that valuation with another period of operating delivery. Enbridge's next report is scheduled for November 6, 2026, before markets open, with a business update and webcast at 9:00 a.m. ET, according to Enbridge.

Three dated signals for Enbridge

On July 28, 2026, Enbridge declared a quarterly dividend of CAD 0.9700 per common share, according to the company's investment-center materials. On July 31, 2026, the company reported second-quarter GAAP earnings of CAD 1.4 billion and a CAD 41 billion secured growth backlog. The current event came on October 16, 2026, when TD Securities raised its target from CAD 81.00 to CAD 83.00.

Dates investors can mark

Enbridge's next reporting date is November 6, 2026. The company will publish its third-quarter results before markets open and host the related webcast at 9:00 a.m. ET.

Stock price and company profile

Enbridge operates energy infrastructure across oil, natural gas and renewable power networks in North America and Europe. Its market capitalization was USD 106.7 billion as of October 20, 2026, while its USD 45.03 to USD 58.45 52-week range places the latest primary-market quote inside that band. The stock was last at USD 47.89 on October 20, 2026 at 4:00 p.m. ET on the NYSE.

The stock was trading at EUR 42.68 at Lang & Schwarz on October 21, 2026 at 11:39 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Enbridge stock.