Inter Pipeline (TSE:IPL) had its price objective increased by National Bank Financial from C$26.00 to C$27.00 in a report released on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other research firms have also recently commented on IPL. Raymond James reissued an underperform rating and set a C$20.00 target price on shares of Inter Pipeline in a research note on Friday, August 9th. BMO Capital Markets boosted their target price on Inter Pipeline from C$22.00 to C$23.00 in a research note on Friday, August 9th. Finally, Industrial Alliance Securities cut Inter Pipeline from a strong-buy rating to a hold rating and boosted their target price for the stock from C$25.50 to C$26.00 in a research note on Monday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of C$25.70.
Shares of TSE IPL opened at C$24.31 on Monday. Inter Pipeline has a twelve month low of C$18.60 and a twelve month high of C$25.24. The stock has a market capitalization of $10.09 billion and a PE ratio of 17.49. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 153.85. The stock has a fifty day simple moving average of C$22.33 and a 200-day simple moving average of C$21.54.
The business also recently announced a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 16th will be paid a dividend of $0.1425 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.71 annualized dividend and a yield of 7.03%. Inter Pipeline’s payout ratio is 122.30%.
Inter Pipeline Company Profile
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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