Enbridge Income Fund (ENF) Price Target Raised to C$36.00 at CIBC

Enbridge Income Fund (TSE:ENF) had its price objective lifted by CIBC from C$35.00 to C$36.00 in a research report released on Friday, December 8th.

A number of other equities research analysts have also recently issued reports on the company. Scotiabank dropped their price objective on Enbridge Income Fund from C$38.00 to C$37.00 and set an outperform rating on the stock in a research note on Friday, November 3rd. National Bank Financial dropped their price target 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. Royal Bank of Canada dropped their price target on Enbridge Income Fund from C$35.00 to C$33.00 and set a sector perform rating on the stock in a research note on Friday, November 3rd. TD Securities dropped their price target on Enbridge Income Fund from C$38.00 to C$36.00 and set a buy rating on the stock in a research note on Friday, November 3rd. Finally, BMO Capital Markets dropped their price target on Enbridge Income Fund from C$35.00 to C$34.00 in a research note on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of C$35.33.

Shares of Enbridge Income Fund (ENF) traded up C$0.25 on Friday, hitting C$30.06. The company had a trading volume of 506,783 shares, compared to its average volume of 417,843. Enbridge Income Fund has a 1-year low of C$27.93 and a 1-year high of C$36.31. The firm has a market cap of $5,210.00, a price-to-earnings ratio of 14.25 and a beta of 0.29.

The business also recently announced a monthly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.171 per share. This represents a $2.05 annualized dividend and a dividend yield of 6.83%. The ex-dividend date of this dividend is Thursday, December 28th. Enbridge Income Fund’s dividend payout ratio (DPR) is currently 95.09%.

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Enbridge Income Fund 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.

Analyst Recommendations for Enbridge Income Fund (TSE:ENF)

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