Brookfield Infrastructure Partners (TSE:BIP.UN) Sets New 52-Week High – Time to Buy?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price reached a new 52-week high on Wednesday . The company traded as high as C$59.50 and last traded at C$48.07, with a volume of 65214 shares traded. The stock had previously closed at C$47.03.

Analysts Set New Price Targets

Separately, National Bankshares boosted their price target on Brookfield Infrastructure Partners from C$31.00 to C$34.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd.

Brookfield Infrastructure Partners Trading Up 4.6 %

The business has a 50 day moving average of C$44.18 and a 200-day moving average of C$41.15. The stock has a market cap of C$22.71 billion, a PE ratio of -261.28, a price-to-earnings-growth ratio of -2.12 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.