Royal Bank Of Canada Trims Enbridge Income Fund Holdings Inc (ENF) Target Price to C$33.00
Enbridge Income Fund Holdings Inc (TSE:ENF) had its price target decreased by Royal Bank Of Canada from C$35.00 to C$33.00 in a research report released on Friday morning. Royal Bank Of Canada currently has a sector perform rating on the stock.
Several other equities analysts have also weighed in on the stock. CIBC reduced their price objective on shares of Enbridgeome Fund Holdings from C$38.00 to C$35.00 in a research report on Tuesday, October 17th. TD Securities raised their price objective on shares of Enbridgeome Fund Holdings from C$37.00 to C$38.00 and gave the company a buy rating in a research report on Friday, August 4th. Finally, BMO Capital Markets reduced their price objective on shares of Enbridgeome Fund Holdings from C$35.00 to C$34.00 in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of C$35.00.
Enbridgeome Fund Holdings (TSE ENF) opened at C$29.05 on Friday. Enbridgeome Fund Holdings has a 12-month low of C$27.93 and a 12-month high of C$36.31.
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The company also recently announced a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were issued a $0.171 dividend. This represents a $2.05 annualized dividend and a dividend yield of 7.06%. The ex-dividend date of this dividend was Friday, September 29th.
Enbridgeome Fund Holdings 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.
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