Inter Pipeline (TSE:IPL) had its price target decreased by TD Securities from C$35.00 to C$31.00 in a research report sent to investors on Tuesday. TD Securities currently has a buy rating on the stock.
Several other equities research analysts have also recently issued reports on IPL. BMO Capital Markets restated an outperform rating and issued a C$28.00 target price on shares of Inter Pipeline in a report on Friday, November 10th. CIBC dropped their target price on shares of Inter Pipeline from C$31.00 to C$30.00 in a report on Monday, November 13th. GMP Securities raised their target price on shares of Inter Pipeline from C$29.00 to C$29.50 in a report on Monday, November 13th. Raymond James Financial raised their target price on shares of Inter Pipeline from C$26.00 to C$28.00 and gave the stock a market perform rating in a report on Monday, November 13th. Finally, National Bank Financial upgraded shares of Inter Pipeline from a sector perform rating to an outperform rating and set a C$31.00 target price on the stock in a report on Monday, January 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of C$29.06.
Shares of Inter Pipeline (IPL) opened at C$22.41 on Tuesday. Inter Pipeline has a fifty-two week low of C$21.62 and a fifty-two week high of C$29.79. The stock has a market cap of $8,510.00, a P/E ratio of 15.89 and a beta of 0.27.
The firm also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a dividend yield of 7.50%. The ex-dividend date of this dividend is Thursday, February 22nd. Inter Pipeline’s dividend payout ratio is presently 115.60%.
In other Inter Pipeline news, Director Alison Taylor Love purchased 1,000 shares of the company’s stock in a transaction dated Monday, January 15th. The shares were acquired at an average price of C$25.93 per share, for a total transaction of C$25,930.00. Also, insider David Michael Chappell purchased 5,800 shares of the company’s stock in a transaction dated Monday, January 15th. The shares were acquired at an average price of C$25.89 per share, for a total transaction of C$150,162.00. Insiders have bought a total of 7,120 shares of company stock worth $184,300 in the last quarter.
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Inter Pipeline Company Profile
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.
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