Inter Pipeline Ltd (TSE:IPL) had its price target increased by Raymond James Financial Inc. from C$27.50 to C$29.00 in a report issued on Wednesday.

Other analysts also recently issued research reports about the stock. BMO Capital Markets increased their target price on shares of Inter Pipeline from C$24.00 to C$26.00 in a research report on Thursday, July 7th. CIBC lowered their target price on shares of Inter Pipeline from C$30.00 to C$29.00 in a report on Wednesday, July 20th. Royal Bank Of Canada boosted their target price on shares of Inter Pipeline from C$28.00 to C$30.00 in a report on Monday, August 8th. RBC Capital Markets boosted their target price on shares of Inter Pipeline from C$28.00 to C$30.00 in a report on Friday, August 5th. Finally, TD Securities boosted their target price on shares of Inter Pipeline from C$27.00 to C$30.00 and gave the stock a buy rating in a report on Thursday, August 18th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of C$29.15.

Analyst Recommendations for Inter Pipeline (TSE:IPL)

Shares of Inter Pipeline (TSE:IPL) opened at 28.05 on Wednesday. Inter Pipeline has a 52 week low of $18.43 and a 52 week high of $28.79. The company has a 50-day moving average price of $27.88 and a 200 day moving average price of $27.12. The stock has a market capitalization of $9.45 billion and a PE ratio of 20.64.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, October 19th. This represents a $1.56 annualized dividend and a dividend yield of 5.56%.

About Inter Pipeline

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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