Enbridge Income Fund (TSE:ENF) had its target price reduced by Canaccord Genuity from C$34.00 to C$30.00 in a research note released on Wednesday morning.

Other analysts have also issued reports about the stock. CIBC lifted their price target on shares of Enbridge Income Fund from C$35.00 to C$36.00 in a research note on Friday, December 8th. TD Securities reduced their price target on shares of Enbridge Income Fund from C$38.00 to C$36.00 and set a buy rating for the company in a research note on Friday, November 3rd. BMO Capital Markets reduced their price target on shares of Enbridge Income Fund from C$35.00 to C$34.00 in a research note on Friday, November 3rd. Royal Bank of Canada reduced their price target on shares of Enbridge Income Fund from C$35.00 to C$33.00 and set a sector perform rating for the company in a research note on Friday, November 3rd. Finally, Scotiabank lifted their price target on shares of Enbridge Income Fund from C$37.00 to C$38.00 and gave the stock an outperform rating in a research note on Friday, December 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Enbridge Income Fund presently has an average rating of Hold and an average price target of C$34.43.

Shares of Enbridge Income Fund (ENF) opened at C$26.88 on Wednesday. Enbridge Income Fund has a 12 month low of C$26.36 and a 12 month high of C$35.00. The company has a market cap of $4,660.00, a P/E ratio of 12.74 and a beta of 0.19.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.1883 per share. The ex-dividend date is Tuesday, January 30th. This represents a $2.26 annualized dividend and a dividend yield of 8.41%. This is a boost from Enbridge Income Fund’s previous monthly dividend of $0.17. Enbridge Income Fund’s dividend payout ratio (DPR) is presently 95.09%.

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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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