Canaccord Genuity Cuts Enbridge Income Fund (ENF) Price Target to C$30.00

Enbridge Income Fund (TSE:ENF) had its price objective dropped by Canaccord Genuity from C$34.00 to C$30.00 in a research report issued to clients and investors on Wednesday. Canaccord Genuity’s price target would suggest a potential upside of 11.40% from the stock’s previous close.

ENF has been the subject of a number of other research reports. BMO Capital Markets decreased their target price on shares of Enbridge Income Fund from C$33.00 to C$31.00 in a research report on Tuesday, February 6th. Scotiabank decreased their target price on shares of Enbridge Income Fund from C$38.00 to C$37.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. CIBC increased their target price on shares of Enbridge Income Fund from C$36.00 to C$37.00 in a research report on Thursday, January 11th. TD Securities increased their target price on shares of Enbridge Income Fund from C$36.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, December 8th. Finally, National Bank Financial decreased their target price on shares of Enbridge Income Fund from C$38.00 to C$35.00 and set a “sector perform” rating for the company in a research report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Enbridge Income Fund presently has an average rating of “Hold” and a consensus target price of C$34.43.

Enbridge Income Fund (TSE:ENF) traded up C$0.03 during trading hours on Wednesday, reaching C$26.93. 455,468 shares of the company’s stock were exchanged, compared to its average volume of 609,188. The firm has a market cap of $4,670.00, a P/E ratio of 12.76 and a beta of 0.19. Enbridge Income Fund has a twelve month low of C$26.36 and a twelve month high of C$35.00.

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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.

Analyst Recommendations for Enbridge Income Fund (TSE:ENF)

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