The stock of Enbridge Income Fund Holdings Inc (TSE:ENF) is a huge mover today! About 217,227 shares traded hands. Enbridge Income Fund Holdings Inc (TSE:ENF) has risen 11.25% since March 11, 2016 and is uptrending. It has outperformed by 5.76% the S&P500.
The move comes after 8 months positive chart setup for the $4.22B company. It was reported on Oct, 18 by Barchart.com. We have $49.82 PT which if reached, will make TSE:ENF worth $1.94 billion more.
Enbridge Income Fund Holdings Inc (TSE:ENF) Ratings Coverage
Out of 7 analysts covering Enbridge Income Fund (TSE:ENF), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $42 is the highest target while $34 is the lowest. The $35.92 average target is 5.28% above today’s ($34.12) stock price. Enbridge Income Fund has been the topic of 13 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, December 15 by JP Morgan. The stock of Enbridge Income Fund Holdings Inc (TSE:ENF) earned “Outperform” rating by BMO Capital Markets on Thursday, December 3. National Bank Canada reinitiated the stock with “Outperform” rating in Monday, November 9 report. Credit Suisse downgraded the shares of ENF in a report on Thursday, February 4 to “Neutral” rating.
More notable recent Enbridge Income Fund Holdings Inc (TSE:ENF) news were published by: Marketwatch.com which released: “Enbridge Income Fund Holdings Inc. Announces Monthly Dividend” on October 17, 2016, also Finance.Yahoo.com with their article: “Enbridge Inc. and Enbridge Income Fund Holdings Inc. to Webcast 2016 Third …” published on October 13, 2016, Marketwired.com published: “Enbridge Income Fund Holdings Inc. Announces $1.075-Billion Sale of South …” on September 29, 2016. More interesting news about Enbridge Income Fund Holdings Inc (TSE:ENF) were released by: Marketwired.com and their article: “Enbridge Income Fund Holdings Inc. Reports Second Quarter 2016 Results …” published on July 29, 2016 as well as Marketwired.com‘s news article titled: “Enbridge Income Fund Holdings Inc. Reports Strong 2015 Results” with publication date: February 19, 2016.
Enbridge Income Fund Holdings Inc., through its investment in Enbridge Income Fund, holds energy infrastructure assets. The company has a market cap of $4.22 billion. The Company’s business is limited to ownership of its interest in Enbridge Income Fund . It has a 16.8 P/E ratio. The Fund’s objective is to pay out a high proportion of available cash in the form of dividends to shareholders.
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