Canaccord Genuity Trims Enbridge Income Fund (ENF) Target Price to C$30.00

Enbridge Income Fund (TSE:ENF) had its price target dropped by equities research analysts at Canaccord Genuity from C$34.00 to C$30.00 in a research report issued on Wednesday. Canaccord Genuity’s target price would suggest a potential upside of 11.44% from the stock’s previous close.

ENF has been the subject of several other reports. BMO Capital Markets decreased their target price on Enbridge Income Fund from C$33.00 to C$31.00 in a research report on Tuesday, February 6th. Scotiabank decreased 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. CIBC raised their target price on Enbridge Income Fund from C$36.00 to C$37.00 in a research report on Thursday, January 11th. TD Securities raised their target price on Enbridge Income Fund from C$36.00 to C$37.00 and gave the company a “buy” rating in a research report on Friday, December 8th. Finally, National Bank Financial decreased their target price 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 assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$34.43.

Shares of Enbridge Income Fund (TSE ENF) traded up C$0.02 during trading on Wednesday, hitting C$26.92. The stock had a trading volume of 363,396 shares, compared to its average volume of 606,138. Enbridge Income Fund has a 1 year low of C$26.36 and a 1 year high of C$35.00. The stock has a market cap of $4,670.00, a price-to-earnings ratio of 12.76 and a beta of 0.19.

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About Enbridge Income Fund

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)

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