Inter Pipeline Ltd (IPL) Receives C$30.89 Average PT from Brokerages

Inter Pipeline Ltd (TSE:IPL) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$30.89.

Separately, CIBC dropped their target price on Inter Pipeline from C$32.00 to C$31.00 in a research note on Monday, July 24th.

In related news, insider Cory Wade Neufeld purchased 2,300 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was acquired at an average cost of C$25.61 per share, for a total transaction of C$58,903.00.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by BBNS and is owned by of BBNS. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://baseballnewssource.com/markets/analysts-set-inter-pipeline-ltd-ipl-pt-at-30-89-updated/1314336.html.

Shares of Inter Pipeline (TSE IPL) traded down 1.92% during midday trading on Monday, hitting $24.56. 835,923 shares of the stock were exchanged. The firm has a market capitalization of $9.13 billion and a price-to-earnings ratio of 17.48. Inter Pipeline has a 1-year low of $24.31 and a 1-year high of $30.07. The stock’s 50-day moving average price is $25.03 and its 200-day moving average price is $27.16.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 15th will be issued a $0.135 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $1.62 dividend on an annualized basis and a yield of 6.60%.

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.

Analyst Recommendations for Inter Pipeline (TSE:IPL)

Receive News & 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 companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.