Enbridge Income Fund (TSE:ENF) had its price target hoisted by Scotiabank from C$37.00 to C$38.00 in a research note issued to investors on Friday morning. Scotiabank currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on the company. CIBC raised their target price on Enbridge Income Fund from C$35.00 to C$36.00 in a report on Friday. TD Securities dropped their price target on Enbridge Income Fund from C$38.00 to C$36.00 and set a buy rating on the stock in a report on Friday, November 3rd. National Bank Financial dropped their price target on Enbridge Income Fund from C$38.00 to C$35.00 and set a sector perform rating on the stock in a report on Friday, November 3rd. Royal Bank Of Canada dropped their price target on Enbridge Income Fund from C$35.00 to C$33.00 and set a sector perform rating on the stock in a report on Friday, November 3rd. Finally, BMO Capital Markets dropped their price target on Enbridge Income Fund from C$35.00 to C$34.00 in a report on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Enbridge Income Fund has an average rating of Hold and a consensus price target of C$35.33.

Enbridge Income Fund (TSE:ENF) opened at C$29.20 on Friday. Enbridge Income Fund has a fifty-two week low of C$27.93 and a fifty-two week high of C$36.31.

The company also recently announced a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.171 dividend. This represents a $2.05 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date of this dividend is Thursday, December 28th. Enbridge Income Fund’s dividend payout ratio is currently 95.09%.

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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)

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