International Public Partnerships’ (INPP) Outperform Rating Reiterated at Macquarie
International Public Partnerships Ltd (LON:INPP)‘s stock had its “outperform” rating reaffirmed by research analysts at Macquarie in a research report issued to clients and investors on Wednesday. They presently have a GBX 170 ($2.10) price objective on the stock. Macquarie’s price target would indicate a potential upside of 7.32% from the company’s previous close.
Shares of International Public Partnerships (LON:INPP) opened at 157.90 on Wednesday. The stock has a 50 day moving average price of GBX 1.39 and a 200-day moving average price of GBX 1.33. International Public Partnerships has a 12 month low of GBX 130.80 and a 12 month high of GBX 158.80.
The firm also recently announced a dividend, which will be paid on Thursday, November 3rd. Stockholders of record on Thursday, September 22nd will be issued a GBX 3.33 ($0.04) dividend. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 2.11%. This is a positive change from International Public Partnerships’s previous dividend of $3.23.
About International Public Partnerships
International Public Partnerships Limited (INPP) is a closed-ended investment company. The Company invests in equity, subordinated and mezzanine debt, and senior loans made to entities owning or operating infrastructure concessions, assets or related businesses. The Company’s investment objective is to provide shareholders with a predictable, attractive and sustainable investment yield in addition to the potential for capital appreciation of the investment portfolio.
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