BMO Capital Markets announced Enbridge Income Fund (TSE:ENF), scaling down its price target to $36.00 today
- Updated: September 18, 2016
In a report released on 8/03/2016 BMO Capital Markets reduced the target price of Enbridge Income Fund (TSE:ENF) from $37 to $36 stating a possible upside of 0.11%.
On 7/26/2016, CSFB released a statement about Enbridge Income Fund(TSE:ENF) upped the target price from $32.00 to $34.00 that indicated a possible upside of 0.05%.
Showing a price of $32.51, Enbridge Income Fund (TSE:ENF) traded 1.85% higher on the day. The last stock close is up 6.61% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the date range. Enbridge Income Fund has been tracking to a 50-day average of $32.50 and two hundred day average of $30.95. Trading volume was was up over the average, with 2,389,445 shares of ENF changing hands over the typical 318,108 shares.
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With a market cap of $0.0, Enbridge Income Fund has a 52 week low of $24.32 and a 52 week high of $35.27 with a price-earnings ratio of 16.
A total of 13 analysts have released a research note on the company. Zero rate the company a strong buy, 0 rate the stock a buy, 0 firms rate the company a hold, 0 rate the company to underperform, and lastly 0 brokeragesrate the stock as sell with a 12-month target price of $26.68
About Enbridge Income Fund (TSE:ENF)
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. The Fund is involved in the transportation, storage and generation of energy through its liquids transportation and storage business, and its 50% interest in the Alliance Pipeline (natural gas transmission) and its interests in 592 (530 net) megawatts (MW) of renewable and alternative power generation capacity (Green Power).
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