Can Enbridge Income Fund Holdings Inc’s Tomorrow Be Different? The Stock Increases Again

 Can Enbridge Income Fund Holdings Inc's Tomorrow Be Different? The Stock Increases Again

The stock of Enbridge Income Fund Holdings Inc (TSE:ENF) is a huge mover today! About 53,890 shares traded hands. Enbridge Income Fund Holdings Inc (TSE:ENF) has risen 10.34% since March 31, 2016 and is uptrending. It has outperformed by 9.25% the S&P500.
The move comes after 6 months positive chart setup for the $3.99 billion company. It was reported on Nov, 4 by Barchart.com. We have $42.85 PT which if reached, will make TSE:ENF worth $1.20B 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 8.98% above today’s ($32.96) stock price. Enbridge Income Fund has been the topic of 13 analyst reports since July 29, 2015 according to StockzIntelligence Inc. On Thursday, February 4 the stock rating was downgraded by Credit Suisse to “Neutral”. The stock has “Outperform” rating given by National Bank Canada on Monday, November 9. BMO Capital Markets initiated the stock with “Outperform” rating in Thursday, December 3 report. The stock has “Neutral” rating given by JP Morgan on Tuesday, December 15.

More notable recent Enbridge Income Fund Holdings Inc (TSE:ENF) news were published by: Marketwired.com which released: “Enbridge Income Fund Holdings Inc. Reports Third Quarter 2016 Results …” on November 03, 2016, also Marketwired.com with their article: “Enbridge Income Fund Holdings Inc. Announces the Closing of Common Share …” published on April 20, 2016, Marketwired.com published: “Enbridge Inc. and Enbridge Income Fund Holdings Inc. to Webcast 2016 Third …” on October 13, 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. Announces $700 Million Common Share Offering” published on October 13, 2015 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 $3.99 billion. The Company’s business is limited to ownership of its interest in Enbridge Income Fund . It has a 16.23 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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