Brookfield Infrastructure Partners (TSE:BIP.UN) Given Hold Rating at Barclays

Barclays reaffirmed their hold rating on shares of Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) in a report published on Sunday morning, reports. They currently have a C$61.00 target price on the stock.

Separately, National Bank Financial boosted their price target on Brookfield Infrastructure Partners from C$47.00 to C$50.00 and gave the stock an outperform rating in a research report on Wednesday, July 10th.

Shares of BIP.UN traded up C$0.17 during trading hours on Friday, hitting C$58.70. The company had a trading volume of 244,606 shares, compared to its average volume of 228,861. The company has a market cap of $16.42 billion and a P/E ratio of 493.28. The company has a debt-to-equity ratio of 110.98, a current ratio of 1.10 and a quick ratio of 1.01. Brookfield Infrastructure Partners has a one year low of C$44.04 and a one year high of C$58.73. The business’s fifty day moving average price is C$57.08.

Brookfield Infrastructure Partners Company Profile

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.

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