Inter Pipeline Ltd (IPL) Given Average Recommendation of “Hold” by Analysts
Inter Pipeline Ltd (TSE:IPL) has been assigned a consensus rating of “Hold” from the twelve research firms that are presently covering the stock. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$29.00.
IPL has been the subject of a number of research reports. BMO Capital Markets raised their price objective on Inter Pipeline from C$26.00 to C$27.00 and gave the company a “market perform” rating in a research note on Friday, August 5th. Scotiabank raised their price objective on Inter Pipeline from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a research note on Thursday, August 18th. National Bank Financial cut Inter Pipeline from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$28.00 to C$29.00 in a research note on Monday, July 18th. RBC Capital Markets raised their price objective on Inter Pipeline from C$28.00 to C$30.00 in a research note on Friday, August 5th. Finally, TD Securities raised their price objective on Inter Pipeline from C$27.00 to C$30.00 and gave the company a “buy” rating in a research note on Thursday, August 18th.
Inter Pipeline (TSE:IPL) traded up 1.70% on Tuesday, hitting $28.06. The company had a trading volume of 889,165 shares. Inter Pipeline has a one year low of $18.43 and a one year high of $28.79. The stock has a 50 day moving average of $27.87 and a 200-day moving average of $27.10. The stock has a market capitalization of $9.46 billion and a PE ratio of 20.65.
The business also recently announced a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.65%.
Inter Pipeline Company Profile
Inter Pipeline Ltd. (Inter Pipeline) owns and operates energy infrastructure assets located in western Canada and Europe. Inter Pipeline operates in four segments: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business.
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