Enbridge Income Fund (TSE:ENF) had its target price upped by CIBC from C$36.00 to C$37.00 in a report issued on Thursday morning.

Several other brokerages also recently commented on ENF. BMO Capital Markets reduced their target price on shares of Enbridge Income Fund from C$35.00 to C$34.00 in a research note on Friday, November 3rd. Scotiabank reduced their target price on shares of Enbridge Income Fund from C$38.00 to C$37.00 and set an outperform rating on the stock in a research note on Friday, November 3rd. TD Securities reduced their target price on shares of Enbridge Income Fund from C$38.00 to C$36.00 and set a buy rating on the stock in a research note on Friday, November 3rd. Royal Bank of Canada reduced their target price on shares of Enbridge Income Fund from C$35.00 to C$33.00 and set a sector perform rating on the stock in a research note on Friday, November 3rd. Finally, National Bank Financial reduced their target price on shares of Enbridge Income Fund from C$38.00 to C$35.00 and set a sector perform rating on the stock in a research note on Friday, November 3rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of C$35.50.

Shares of Enbridge Income Fund (ENF) traded up C$0.06 during trading hours on Thursday, hitting C$29.21. 458,854 shares of the stock traded hands, compared to its average volume of 806,527. Enbridge Income Fund has a 52 week low of C$27.93 and a 52 week high of C$36.31. The firm has a market cap of $5,060.00, a P/E ratio of 13.84 and a beta of 0.30.

The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be paid a $0.1883 dividend. This represents a $2.26 annualized dividend and a dividend yield of 7.74%. The ex-dividend date is Tuesday, January 30th. This is an increase from Enbridge Income Fund’s previous monthly dividend of $0.17. Enbridge Income Fund’s payout ratio is currently 95.09%.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.watchlistnews.com/enbridge-income-fund-enf-pt-raised-to-c37-00/1804996.html.

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)

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.