Enbridge Income Fund Holdings Inc (ENF) Given New C$33.00 Price Target at Royal Bank Of Canada
Enbridge Income Fund Holdings Inc (TSE:ENF) had its target price decreased by equities researchers at Royal Bank Of Canada from C$35.00 to C$33.00 in a research report issued on Friday. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 13.60% from the stock’s previous close.
A number of other equities research analysts have also recently commented on ENF. BMO Capital Markets lowered their target price on shares of Enbridgeome Fund Holdings from C$35.00 to C$34.00 in a report on Friday. CIBC reduced their price target on shares of Enbridgeome Fund Holdings from C$38.00 to C$35.00 in a research report on Tuesday, October 17th. Finally, TD Securities upped their target price on shares of Enbridgeome Fund Holdings from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$35.00.
Enbridgeome Fund Holdings (TSE:ENF) traded up C$0.07 during mid-day trading on Friday, reaching C$29.05. The company’s stock had a trading volume of 939,644 shares, compared to its average volume of 407,826. Enbridgeome Fund Holdings has a fifty-two week low of C$27.93 and a fifty-two week high of C$36.31.
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About Enbridgeome Fund Holdings
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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