Enbridge Income Holdings Receives a Buy from Scotiabank

By Carrie Williams

Today, an analyst has provided a rating update for the Utilities sector company, Enbridge Income Holdings (TSX: ENF). Analyst Robert Hope from Scotiabank remains bullish on the stock and has a C$38 price target.

Hope has an average return of 0.3% when recommending Enbridge Income Holdings.

According to TipRanks.com, Hope is ranked #897 out of 4570 analysts.

Enbridge Income Holdings has an analyst consensus of Moderate Buy, with a price target consensus of C$36.28.

Enbridge Income Holdings’ market cap is currently C$4.01B and has a P/E ratio of 14.8.

Enbridge Income Fund Holdings, Inc. operates as an open-end investment fund/investment trust. Its business is limited to acquiring, holding, transferring, disposing of, investing in and otherwise dealing in assets, securities, properties or other interests of, or issued by, the Fund and its Associates or Affiliates, or any other business entity in which the Fund has an interest. The company also involves in borrowing funds and incurring indebtedness, guaranteeing debts or liabilities, and issuing, redeeming or repurchasing securities. Enbridge Income Fund Holdings was founded on March 26, 2010 and is headquartered in Calgary, Canada.

The company’s shares closed last Monday at $32.32.