Enbridge Income Fund (TSE:ENF) Is Now Covered By BMO Capital Markets. What can We Expect?

Share

Why Has BMO Capital Markets Given Enbridge Income Fund (TSE:ENF) a $35.00 Price Target

The financial firm BMO Capital Markets has today have started coverage on Enbridge Income Fund (TSE:ENF) shares, with a “Outperform” rating, while having set the TP at $35.00.

From a total of 11 analysts covering Enbridge Income Fund (TSE:ENF) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is $33.04 while the lowest target price is $25.53. The mean of all analyst targets is $29.32 with a 32.58% above today’s ($28.76) stock price. Enbridge Income Fund was the topic of 7 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. National Bank Canada reinitiated shares on November 9 with “Outperform” rating.

Approximately 362,102 shares of stock traded hands or 6.11% up from the average. Enbridge Income Fund Holdings Inc (TSE:ENF) has declined 25.75% since April 30, 2015 and is downtrending. It has underperformed by 25.46% the S&P500.

Enbridge Income Fund (TSE:ENF) Is Now Covered By BMO Capital Markets. What can We Expect?

Enbridge Income Fund Holdings Inc., through its investment in Enbridge Income Fund, holds energy infrastructure assets. The company has a market cap of $2.79 billion. The Company’s business is limited to ownership of its interest in Enbridge Income Fund . It has 15.83 P/E ratio. The Fund’s objective is to pay out a high proportion of available cash in the form of dividends to shareholders.

COMMENTS: