CIBC Believes Enbridge Income Holdings (ENF) Won’t Stop Here


In a latest note to investors, a research analyst has provided a rating update for the Utilities sector company, Enbridge Income Holdings (TSX: ENF). Analyst Robert Catellier from CIBC rated Enbridge Income Holdings (TSX: ENF) a Buy yesterday, setting a C$39 price target.

Catellier has an average return of 7.3% when recommending Enbridge Income Holdings.

According to TipRanks.com, Catellier is ranked #1788 out of 4839 analysts.

Enbridge Income Holdings has an analyst consensus of Moderate Buy, with a price target consensus of C$36.50.

Enbridge Income Holdings’ market cap is currently C$5.66B and has a P/E ratio of 16.4. The company has a Price to Book ratio of 1.16.

Enbridge Income Fund Holdings, Inc. operates as an close-ended investment fund, which engages in the investment in its fund. The fund’s business comprises of the transportation, storage, and generation of energy. It operates through the following business segments: Liquid Pipelines, Gas Pipelines, and Green Power.

The company’s shares closed on Thursday at C$32.37, close to its 52-week high of C$33.05.

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