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Inter Pipeline (TSE:IPL.UN) has been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the stock, ARN reports. Five research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$34.86.

A number of research firms have recently commented on IPL.UN. Analysts at National Bank Financial raised their price target on shares of Inter Pipeline from C$34.00 to C$36.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Inter Pipeline from C$30.00 to C$35.00 in a research note on Friday, August 8th. They now have a “hold” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Inter Pipeline from C$31.00 to C$34.00 in a research note on Friday, August 8th. They now have a “sector perform” rating on the stock.

Inter Pipeline Ltd is a Canada-based energy infrastructure business. The Company is engaged in petroleum transportation, storage and natural gas liquids extraction business.

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