Shares of Inter Pipeline Ltd (TSE:IPL) have been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$29.22.

Several equities analysts recently issued reports on the company. BMO Capital Markets upped their target price on Inter Pipeline from C$26.00 to C$27.00 and gave the company a “market perform” rating in a research report on Friday, August 5th. Scotiabank upped their target price on Inter Pipeline from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a research report on Thursday, August 18th. CIBC upped their target price on Inter Pipeline from C$29.00 to C$30.00 in a research report on Thursday, August 18th. TD Securities upped their target price on Inter Pipeline from C$27.00 to C$30.00 and gave the company a “buy” rating in a research report on Thursday, August 18th. Finally, RBC Capital Markets upped their target price on Inter Pipeline from C$28.00 to C$30.00 in a research report on Friday, August 5th.

Inter Pipeline (TSE:IPL) opened at 27.33 on Tuesday. The stock has a market capitalization of $9.83 billion and a P/E ratio of 20.30. Inter Pipeline has a 12 month low of $18.43 and a 12 month high of $28.89. The stock has a 50 day moving average price of $27.59 and a 200 day moving average price of $27.32.

The business also recently declared a monthly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.135 per share. This is an increase from Inter Pipeline’s previous monthly dividend of $0.13. This represents a $1.62 annualized dividend and a yield of 5.93%. The ex-dividend date is Friday, November 18th.

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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