Shares of Enbridge Income Fund Holdings Inc (TSE:ENF) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the company. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$35.10.
ENF has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on Enbridgeome Fund Holdings from C$35.00 to C$37.00 in a research note on Thursday, July 7th. CSFB raised their price objective on Enbridgeome Fund Holdings from C$32.00 to C$34.00 in a research note on Monday, July 25th. TD Securities raised their price objective on Enbridgeome Fund Holdings to C$37.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Scotiabank reaffirmed an “outperform” rating and set a C$37.00 price objective on shares of Enbridgeome Fund Holdings in a research note on Tuesday, August 2nd. Finally, National Bank Financial downgraded Enbridgeome Fund Holdings from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$34.00 to C$36.00 in a research note on Monday, July 18th.
Shares of Enbridgeome Fund Holdings (TSE:ENF) opened at 33.42 on Monday. Enbridgeome Fund Holdings has a 12 month low of $24.32 and a 12 month high of $35.27. The firm has a 50 day moving average price of $32.55 and a 200-day moving average price of $31.06. The firm has a market cap of $4.12 billion and a PE ratio of 16.53.
About Enbridgeome Fund Holdings
Enbridge Income Fund Holdings Inc, through its investment in Enbridge Income Fund, holds energy infrastructure assets. The Company’s business is limited to ownership of its interest in Enbridge Income Fund (the Fund). 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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