BMO Capital Markets lowered shares of Inter Pipeline (TSE:IPL) from an outperform rating to a market perform rating in a research note published on Tuesday morning. BMO Capital Markets currently has C$28.00 price objective on the stock.

Other research analysts have also issued research reports about the stock. GMP Securities raised their price objective on shares of Inter Pipeline from C$29.00 to C$29.50 in a research note on Monday, November 13th. CIBC lowered their price objective on shares of Inter Pipeline from C$31.00 to C$30.00 in a research note on Monday, November 13th. TD Securities raised their price objective on shares of Inter Pipeline from C$33.00 to C$35.00 and gave the company a buy rating in a research note on Tuesday. Raymond James Financial raised their price objective on shares of Inter Pipeline from C$26.00 to C$28.00 and gave the company a market perform rating in a research note on Monday, November 13th. Finally, AltaCorp Capital upgraded shares of Inter Pipeline from a sector perform rating to an outperform rating in a research note on Tuesday, August 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Inter Pipeline has a consensus rating of Hold and an average price target of C$30.17.

Inter Pipeline (TSE IPL) opened at C$25.70 on Tuesday. Inter Pipeline has a 12 month low of C$22.14 and a 12 month high of C$30.07.

The firm also recently declared a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, January 15th will be given a $0.14 dividend. The ex-dividend date is Thursday, December 21st. This represents a $1.68 annualized dividend and a yield of 6.54%. Inter Pipeline’s dividend payout ratio (DPR) is 117.03%.

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About Inter Pipeline

Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe.

Analyst Recommendations for Inter Pipeline (TSE:IPL)

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