Enbridge Income Fund Holdings Inc (TSE:ENF) has been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$32.94.
A number of equities analysts recently issued reports on ENF shares. BMO Capital Markets raised their price target on Enbridge Income Fund from C$33.00 to C$34.00 in a report on Tuesday, September 11th. CIBC restated a “neutral” rating and issued a C$33.00 price objective on shares of Enbridge Income Fund in a research report on Wednesday, August 8th. Royal Bank of Canada raised their price objective on shares of Enbridge Income Fund from C$31.00 to C$34.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 7th. Finally, National Bank Financial raised their price objective on shares of Enbridge Income Fund from C$29.00 to C$32.50 and gave the company a “tender” rating in a research report on Tuesday, August 7th.
Shares of TSE ENF traded down C$0.80 during midday trading on Thursday, reaching C$32.15. 541,806 shares of the company were exchanged, compared to its average volume of 551,344. Enbridge Income Fund has a 1 year low of C$26.36 and a 1 year high of C$34.29.
The business also recently disclosed a monthly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be given a dividend of $0.188 per share. The ex-dividend date of this dividend is Friday, September 28th. This represents a $2.26 annualized dividend and a dividend yield of 7.02%.
Enbridge Income Fund Company Profile
Enbridge Income Fund Holdings Inc, through its investment in Enbridge Income Fund, holds energy infrastructure assets in Canada. The company holds interests in the 2,306-kilometre Canadian Mainline, the Regional Oil Sands System, and Southern Lights Pipeline, as well as other crude oil gathering pipelines and storage facilities in Alberta, Saskatchewan, Manitoba, Ontario, and Quebec; and crude oil storage terminals and caverns in Hardisty, Alberta.
Further Reading: Average Daily Trade Volume – ADTV
Receive News & Ratings for Enbridge Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.