Enbridge Income Fund Holdings Inc (ENF) Price Target Raised to C$38.00
Enbridge Income Fund Holdings Inc (TSE:ENF) had its target price hoisted by equities researchers at TD Securities from C$37.00 to C$38.00 in a report released on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 16.89% from the company’s previous close.
Several other brokerages have also commented on ENF. BMO Capital Markets reiterated a “market perform” rating and issued a C$35.00 price target on shares of Enbridgeome Fund Holdings in a research note on Tuesday, April 18th. Scotiabank reiterated an “outperform” rating and issued a C$38.00 price target on shares of Enbridgeome Fund Holdings in a research note on Wednesday, April 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Enbridgeome Fund Holdings has an average rating of “Hold” and a consensus target price of C$36.50.
Shares of Enbridgeome Fund Holdings (TSE:ENF) traded up 0.37% on Friday, hitting $32.51. 269,245 shares of the stock were exchanged. Enbridgeome Fund Holdings has a 52-week low of $31.22 and a 52-week high of $36.31. The stock has a market cap of $4.77 billion and a PE ratio of 15.33. The company’s 50 day moving average is $32.10 and its 200-day moving average is $33.43.
Enbridgeome Fund Holdings Company Profile
Enbridge Income Fund Holdings Inc, through its investment in Enbridge Income Fund, holds energy infrastructure assets. The Company’s business is limited to ownership of its interest in Enbridge Income Fund (the Fund). The Fund’s objective is to pay out a high proportion of available cash in the form of dividends to shareholders.
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