diff --git a/spring-cloud-openfeign-core/src/main/java/org/springframework/cloud/openfeign/FeignAutoConfiguration.java b/spring-cloud-openfeign-core/src/main/java/org/springframework/cloud/openfeign/FeignAutoConfiguration.java
index a670fd7e..2c603d02 100644
--- a/spring-cloud-openfeign-core/src/main/java/org/springframework/cloud/openfeign/FeignAutoConfiguration.java
+++ b/spring-cloud-openfeign-core/src/main/java/org/springframework/cloud/openfeign/FeignAutoConfiguration.java
@@ -72,6 +72,7 @@ import org.springframework.security.oauth2.client.resource.OAuth2ProtectedResour
  * @author Julien Roy
  * @author Grzegorz Poznachowski
  * @author Nikita Konev
+ * @author Tim Peeters
  */
 @Configuration(proxyBeanMethods = false)
 @ConditionalOnClass(Feign.class)
@@ -129,7 +130,7 @@ public class FeignAutoConfiguration {
 
 	@Configuration(proxyBeanMethods = false)
 	@ConditionalOnClass(CircuitBreaker.class)
-	@ConditionalOnProperty("feign.circuitbreaker.enabled")
+	@ConditionalOnProperty(value = "feign.circuitbreaker.enabled", havingValue = "true")
 	protected static class CircuitBreakerPresentFeignTargeterConfiguration {
 
 		@Bean
@@ -149,7 +150,7 @@ public class FeignAutoConfiguration {
 
 	// the following configuration is for alternate feign clients if
 	// SC loadbalancer is not on the class path.
-	// see corresponding configurations in FeignRibbonClientAutoConfiguration
+	// see corresponding configurations in FeignLoadBalancerAutoConfiguration
 	// for load-balanced clients.
 	@Configuration(proxyBeanMethods = false)
 	@ConditionalOnClass(ApacheHttpClient.class)
diff --git a/spring-cloud-openfeign-core/src/test/java/org/springframework/cloud/openfeign/FeignAutoConfigurationTests.java b/spring-cloud-openfeign-core/src/test/java/org/springframework/cloud/openfeign/FeignAutoConfigurationTests.java
new file mode 100644
index 00000000..72e450b6
--- /dev/null
+++ b/spring-cloud-openfeign-core/src/test/java/org/springframework/cloud/openfeign/FeignAutoConfigurationTests.java
@@ -0,0 +1,58 @@
+/*
+ * Copyright 2013-2020 the original author or authors.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *      https://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+
+package org.springframework.cloud.openfeign;
+
+import org.assertj.core.api.Condition;
+import org.junit.jupiter.api.Test;
+
+import org.springframework.boot.autoconfigure.AutoConfigurations;
+import org.springframework.boot.test.context.runner.ApplicationContextRunner;
+import org.springframework.cloud.client.circuitbreaker.CircuitBreakerFactory;
+import org.springframework.context.ConfigurableApplicationContext;
+
+import static org.assertj.core.api.Assertions.assertThat;
+import static org.mockito.Mockito.mock;
+
+/**
+ * @author Tim Peeters
+ * @author Olga Maciaszek-Sharma
+ */
+class FeignAutoConfigurationTests {
+
+	private final ApplicationContextRunner runner = new ApplicationContextRunner()
+			.withConfiguration(AutoConfigurations.of(FeignAutoConfiguration.class))
+			.withPropertyValues("feign.httpclient.enabled=false");
+
+	@Test
+	void shouldInstantiateDefaultTargeterWhenFeignCircuitBreakerIsDisabled() {
+		runner.withPropertyValues("feign.circuitbreaker.enabled=false")
+				.run(ctx -> assertOnlyOneTargeterPresent(ctx, DefaultTargeter.class));
+	}
+
+	@Test
+	void shouldInstantiateFeignCircuitBreakerTargeterWhenEnabled() {
+		runner.withBean(CircuitBreakerFactory.class, () -> mock(CircuitBreakerFactory.class))
+				.withPropertyValues("feign.circuitbreaker.enabled=true")
+				.run(ctx -> assertOnlyOneTargeterPresent(ctx, FeignCircuitBreakerTargeter.class));
+	}
+
+	private void assertOnlyOneTargeterPresent(ConfigurableApplicationContext ctx, Class<?> beanClass) {
+		assertThat(ctx.getBeansOfType(Targeter.class)).hasSize(1).hasValueSatisfying(new Condition<>(
+				beanClass::isInstance, String.format("Targeter should be an instance of %s", beanClass)));
+	}
+
+}