TD Securities announced Enbridge Income Fund (TSE:ENF), boosting its stock price target to $37.00 today
- Updated: September 18, 2016
In an issued report on 8/3/2016 TD Securities increased the target price of Enbridge Income Fund (TSE:ENF) from $0 to $37 reporting a possible upside of 0.14%.
On 7/26/2016, CSFB reported on Enbridge Income Fund(TSE:ENF) raised the target price from $32.00 to $34.00. At the time, this 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 price close is up 6.61% relative to the 200-day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. Enbridge Income Fund has recorded a 50-day moving average of $32.50 and 200-day average of $30.95. 2,389,445 shares of Enbridge Income Fund traded hands, up from ann average volume of 318,108
Recent Performance Graph:
Enbridge Income Fund has a price-earnings of 16 with a one-year low of $24.32 and a one-year high of $35.27. The company’s market cap is currently $0.0.
A total of 13 brokerages have released a ratings update on ENF. Zero rate the company a strong buy, 0 rate the stock a buy, 0 analysts rate the stock a hold, 0 rate the company to underperform, and finally 0 analystsrate the company as sell with an average target stock price of $26.68
Brief Synopsis 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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