Enbridge Income Fund Holdings Inc (ENF) Given Consensus Recommendation of “Hold” by Analysts
Enbridge Income Fund Holdings Inc (TSE:ENF) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$35.33.
Several research analysts have issued reports on the company. TD Securities raised their target price on Enbridge Income Fund from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research report on Friday, December 8th. BMO Capital Markets reissued a “market perform” rating and set a C$33.00 target price on shares of Enbridge Income Fund in a research note on Friday, December 8th. Scotiabank lifted their target price on Enbridge Income Fund from C$37.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, December 8th. CIBC lifted their target price on Enbridge Income Fund from C$35.00 to C$36.00 in a research note on Friday, December 8th. Finally, National Bank Financial decreased their target price on Enbridge Income Fund from C$38.00 to C$35.00 and set a “sector perform” rating on the stock in a research note on Friday, November 3rd.
Enbridge Income Fund (ENF) opened at C$30.22 on Friday. The stock has a market capitalization of $5,240.00, a PE ratio of 14.32 and a beta of 0.30. Enbridge Income Fund has a 12-month low of C$27.93 and a 12-month high of C$36.31.
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About Enbridge Income Fund
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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