Inter Pipeline Ltd (IPL) Receives C$29.00 Consensus Price Target from Analysts
Shares of Inter Pipeline Ltd (TSE:IPL) have been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the company. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$29.15.
Several equities research analysts have issued reports on the company. National Bank Financial downgraded Inter Pipeline from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$28.00 to C$29.00 in a report on Monday, July 18th. BMO Capital Markets increased their price objective on Inter Pipeline from C$26.00 to C$27.00 and gave the stock a “market perform” rating in a report on Friday, August 5th. Scotiabank increased their price objective on Inter Pipeline from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a report on Thursday, August 18th. CIBC increased their price objective on Inter Pipeline from C$29.00 to C$30.00 in a report on Thursday, August 18th. Finally, TD Securities increased their price objective on Inter Pipeline from C$27.00 to C$30.00 and gave the stock a “buy” rating in a report on Thursday, August 18th.
Shares of Inter Pipeline (TSE:IPL) opened at 28.12 on Tuesday. The company’s 50 day moving average is $27.87 and its 200-day moving average is $27.12. The company has a market capitalization of $9.48 billion and a PE ratio of 20.69. Inter Pipeline has a 52 week low of $18.43 and a 52 week high of $28.79.
The business also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders 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 dividend on an annualized basis and a yield of 5.55%.
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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