Is Buying Stock Like Enbridge Income Fund Holdings Inc After Such Increase Winning Strategy?

 Is Buying Stock Like Enbridge Income Fund Holdings Inc After Such Increase Winning Strategy?

The stock of Enbridge Income Fund Holdings Inc (TSE:ENF) is a huge mover today! About 17,689 shares traded hands. Enbridge Income Fund Holdings Inc (TSE:ENF) has risen 17.09% since April 19, 2016 and is uptrending. It has outperformed by 11.77% the S&P500.
The move comes after 5 months positive chart setup for the $4.17 billion company. It was reported on Nov, 23 by Barchart.com. We have $35.57 PT which if reached, will make TSE:ENF worth $208.50M more.

Enbridge Income Fund Holdings Inc (TSE:ENF) Ratings Coverage

Out of 9 analysts covering Enbridge Income Fund (TSE:ENF), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. $42 is the highest target while $34 is the lowest. The $36.19 average target is 6.82% above today’s ($33.88) stock price. Enbridge Income Fund has been the topic of 15 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Outperform” rating and $37 target price in Friday, November 4 report. National Bank Canada reinitiated Enbridge Income Fund Holdings Inc (TSE:ENF) on Monday, November 9 with “Outperform” rating. Credit Suisse downgraded the shares of ENF in a report on Thursday, February 4 to “Neutral” rating. The firm earned “Neutral” rating on Tuesday, December 15 by JP Morgan. The company was maintained on Friday, November 4 by TD Securities. The stock of Enbridge Income Fund Holdings Inc (TSE:ENF) has “Outperform” rating given on Thursday, December 3 by BMO Capital Markets.

More notable recent Enbridge Income Fund Holdings Inc (TSE:ENF) news were published by: Marketwired.com which released: “Enbridge Income Fund Holdings Inc. Reports Second Quarter 2016 Results …” on July 29, 2016, also Marketwired.com with their article: “Enbridge Income Fund Holdings Inc. Reports Strong 2015 Results” published on February 19, 2016, Marketwired.com published: “Enbridge Income Fund Holdings Inc. Announces $700 Million Common Share Offering” on October 13, 2015. More interesting news about Enbridge Income Fund Holdings Inc (TSE:ENF) were released by: Fool.ca and their article: “Should You Buy Enbridge Income Fund Holdings Inc. Instead of Enbridge Inc.?” published on June 30, 2015 as well as Marketwired.com‘s news article titled: “Enbridge Income Fund Holdings Inc. Announces Monthly Dividends, a 10% Dividend …” with publication date: December 03, 2015.

Enbridge Income Fund Holdings Inc., through its investment in Enbridge Income Fund, holds energy infrastructure assets. The company has a market cap of $4.17 billion. The Company’s business is limited to ownership of its interest in Enbridge Income Fund . It has a 16.45 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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