Scotia Capital disclosed Enbridge Income Fund (TSE:ENF), boosting its price target to $37.00 earlier today
- Updated: September 30, 2016
Reporting a potential upside of 0.08%, Scotia Capital raised the target price of Enbridge Income Fund (TSE:ENF) to $37.00
Previously on 08/03/2016, BMO Capital Markets reported about Enbridge Income Fund (TSE:ENF) lowered the target price from $37.00 to $36.00. At the time, this indicated a possible upside of 0.11%.
Yesterday Enbridge Income Fund (TSE:ENF) traded 1.07% higher at $34.24. The company’s 50-day moving average is $32.66 and its 200-day moving average is $31.19. The last stock close price is up 9.43% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 354,667 shares of the stock were exchanged, up from an average trading volume of 306,517
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Enbridge Income Fund has a 52 week low of $24.32 and a 52 week high of $35.27 with a PE ratio of 16.88 Enbridge Income Fund’s market capitalization is currently $0.
Also covering Enbridge Income Fund's target, a total of 13 equity analysts have released a ratings update on ENF. The one year target is $26.71 with zero equity analysts rating the company a strong buy, 5 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally zero analysts rating the company a sell.
More 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, 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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