Enbridge (TSX:ENB): Evaluating the Valuation After Recent Share Price Momentum
Enbridge (TSX:ENB) has not made major headlines with fresh news this week, but its recent share price action is catching the eye of investors weighing their next move. After drifting for much of last year, the stock has climbed over 7% in the past month, a pace that stands out for a steady pipeline operator. This kind of move may not grab attention at first glance; however, it often prompts a second look into whether something under the surface is shifting.
Looking at the bigger picture, Enbridge’s shares have steadily gained roughly 31% over the past year, recovering strength even as annual revenue shrank by 3% and net income nudged 6% higher. The last few months have brought some cautious optimism, with momentum building compared to…
