Enbridge Income Fund (TSE:ENF) PT Raised to C$37.00 at CIBC

Enbridge Income Fund (TSE:ENF) had its price target boosted by CIBC from C$36.00 to C$37.00 in a research report report published on Thursday, January 11th.

Several other research firms also recently weighed in on ENF. BMO Capital Markets dropped their target price on Enbridge Income Fund from C$35.00 to C$34.00 in a research report on Friday, November 3rd. Scotiabank dropped their target price on Enbridge Income Fund from C$38.00 to C$37.00 and set an outperform rating for the company in a research report on Friday, November 3rd. TD Securities dropped their target price on Enbridge Income Fund from C$38.00 to C$36.00 and set a buy rating for the company in a research report on Friday, November 3rd. Royal Bank of Canada lowered their price objective on Enbridge Income Fund from C$35.00 to C$33.00 and set a sector perform rating for the company in a research report on Friday, November 3rd. Finally, National Bank Financial lowered their price objective on Enbridge Income Fund from C$38.00 to C$35.00 and set a sector perform rating for the company in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of C$35.50.

Enbridge Income Fund (TSE:ENF) traded up C$0.01 during midday trading on Thursday, reaching C$27.39. The company’s stock had a trading volume of 720,194 shares, compared to its average volume of 578,964. The firm has a market cap of $4,750.00, a P/E ratio of 12.98 and a beta of 0.19. Enbridge Income Fund has a 52 week low of C$27.11 and a 52 week high of C$35.20.

Enbridge Income Fund (TSE:ENF) last released its earnings results on Thursday, November 2nd. The company reported C$0.52 earnings per share for the quarter, missing the consensus estimate of C$0.53 by C($0.01). Enbridge Income Fund had a net margin of 97.47% and a return on equity of 6.67%.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.1883 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This is an increase from Enbridge Income Fund’s previous monthly dividend of $0.17. This represents a $2.26 dividend on an annualized basis and a dividend yield of 8.25%. Enbridge Income Fund’s payout ratio is currently 95.09%.

TRADEMARK VIOLATION NOTICE: “Enbridge Income Fund (TSE:ENF) PT Raised to C$37.00 at CIBC” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/02/05/cibc-raises-enbridge-income-fund-enf-price-target-to-c37-00.html.

Enbridge Income Fund Company Profile

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.

Analyst Recommendations for Enbridge Income Fund (TSE:ENF)

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.

Leave a Reply