Inter Pipeline Ltd (IPL) Given Average Recommendation of “Hold” by Analysts
Inter Pipeline Ltd (TSE:IPL) has been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the company. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$29.00.
Several research firms recently weighed in on IPL. National Bank Financial set a C$29.00 price target on Inter Pipeline and gave the stock a “sector perform” rating in a research note on Friday, August 19th. TD Securities downgraded Inter Pipeline from a “buy” rating to a “hold” rating and upped their price target for the stock from C$26.00 to C$27.00 in a research note on Friday, August 5th. BMO Capital Markets restated a “market perform” rating and issued a C$28.00 price target on shares of Inter Pipeline in a research note on Thursday, August 18th. CIBC cut their price target on Inter Pipeline from C$30.00 to C$29.00 in a research note on Wednesday, July 20th. Finally, Royal Bank Of Canada upped their price target on Inter Pipeline from C$28.00 to C$30.00 in a research note on Monday, August 8th.
Shares of Inter Pipeline (TSE:IPL) traded up 1.70% during trading on Tuesday, hitting $28.06. The stock had a trading volume of 889,165 shares. The stock’s 50-day moving average price is $27.87 and its 200 day moving average price is $27.10. The firm has a market capitalization of $9.46 billion and a P/E ratio of 20.65. Inter Pipeline has a 1-year low of $18.43 and a 1-year high of $28.79.
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The company also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, October 19th. This represents a $1.56 annualized dividend and a dividend yield of 5.65%.
About Inter Pipeline
Inter Pipeline Ltd. (Inter Pipeline) owns and operates energy infrastructure assets located in western Canada and Europe. Inter Pipeline operates in four segments: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business.
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