CIBC upgraded shares of Inter Pipeline (OTCMKTS:IPPLF) from a neutral rating to an outperform rating in a research report released on Monday morning, The Fly reports.
Separately, Raymond James restated a sell rating on shares of Inter Pipeline in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold.
Shares of OTCMKTS IPPLF opened at $18.27 on Monday. Inter Pipeline has a fifty-two week low of $13.66 and a fifty-two week high of $19.26. The firm’s 50-day simple moving average is $16.95 and its 200 day simple moving average is $16.20.
About Inter Pipeline
Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing 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.
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