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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