Inter Pipeline Ltd (TSE:IPL) Director Brant G. Sangster acquired 950 shares of Inter Pipeline stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of C$23.52 per share, for a total transaction of C$22,344.00.

Inter Pipeline Ltd (TSE IPL) traded down 0.65% on Thursday, hitting $22.83. 409,798 shares of the company were exchanged. Inter Pipeline Ltd has a 52 week low of $22.81 and a 52 week high of $30.07. The stock has a 50 day moving average of $24.70 and a 200 day moving average of $26.87. The company has a market capitalization of $8.55 billion and a price-to-earnings ratio of 17.08.

The business also recently declared a monthly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 15th will be issued a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 7.05%. The ex-dividend date is Friday, August 18th.

TRADEMARK VIOLATION WARNING: “Inter Pipeline Ltd (IPL) Director Acquires C$22,344.00 in Stock” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/08/17/inter-pipeline-ltd-ipl-director-acquires-c22344-00-in-stock.html.

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of Inter Pipeline from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Monday. Raymond James Financial, Inc. dropped their target price on shares of Inter Pipeline from C$30.00 to C$26.00 and set a “market perform” rating on the stock in a research report on Monday. CIBC dropped their target price on shares of Inter Pipeline from C$32.00 to C$31.00 in a research report on Monday, July 24th. BMO Capital Markets dropped their target price on shares of Inter Pipeline from C$29.00 to C$27.00 in a research report on Friday, August 11th. Finally, Scotiabank dropped their target price on shares of Inter Pipeline from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Inter Pipeline currently has a consensus rating of “Hold” and a consensus target price of C$29.78.

About Inter Pipeline

Inter Pipeline Ltd. engages in the petroleum transportation, natural gas liquids processing, and bulk liquid storage businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation, Conventional Oil Pipelines, Natural Gas Liquids (NGL) Processing, and Bulk Liquid Storage.

Insider Buying and Selling by Quarter for Inter Pipeline (TSE:IPL)

Receive News & Stock Ratings for Inter Pipeline Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Pipeline Ltd and related stocks with our FREE daily email newsletter.