Royal Bank of Canada Reaffirms Outperform Rating for Brookfield Infrastructure Partners (TSE:BIP.UN)

Royal Bank of Canada reaffirmed their outperform rating on shares of Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) in a research note published on Wednesday morning, Stock Target Advisor reports. Royal Bank of Canada currently has a C$78.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. CIBC increased their target price on Brookfield Infrastructure Partners to C$74.50 and gave the stock an outperform rating in a report on Tuesday, June 22nd. Raymond James reiterated an outperform rating and issued a C$82.00 target price on shares of Brookfield Infrastructure Partners in a report on Wednesday, July 28th.

Shares of BIP.UN opened at C$70.74 on Wednesday. Brookfield Infrastructure Partners has a 12-month low of C$56.55 and a 12-month high of C$74.13. The business’s fifty day moving average is C$70.32 and its 200 day moving average is C$68.11. The company has a quick ratio of 0.63, a current ratio of 0.84 and a debt-to-equity ratio of 122.61. The stock has a market cap of C$20.91 billion and a P/E ratio of 39.63.

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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