Inter Pipeline Ltd (IPL) Price Target Increased to C$29.00 by Analysts at Raymond James Financial Inc.
Inter Pipeline Ltd (TSE:IPL) had its target price upped by research analysts at Raymond James Financial Inc. from C$27.50 to C$29.00 in a research note issued on Wednesday, StockTargetPrices.com reports. Raymond James Financial Inc.’s price objective points to a potential upside of 3.06% from the stock’s current price.
IPL has been the subject of several other reports. National Bank Financial set a C$29.00 price target on Inter Pipeline and gave the stock a “sector perform” rating in a research report on Friday, August 19th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$28.00 target price on shares of Inter Pipeline in a research report on Thursday, August 18th. TD Securities lowered Inter Pipeline from a “buy” rating to a “hold” rating and upped their target price for the company from C$26.00 to C$27.00 in a research report on Friday, August 5th. Royal Bank Of Canada upped their target price on Inter Pipeline from C$28.00 to C$30.00 in a research report on Monday, August 8th. Finally, RBC Capital Markets upped their target price on Inter Pipeline from C$28.00 to C$30.00 in a research report on Friday, August 5th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Inter Pipeline has a consensus rating of “Hold” and an average price target of C$29.15.
Inter Pipeline (TSE:IPL) traded down 0.57% on Wednesday, hitting $27.98. The stock had a trading volume of 264,873 shares. The company has a market cap of $9.43 billion and a price-to-earnings ratio of 20.59. Inter Pipeline has a 52-week low of $18.43 and a 52-week high of $28.79. The company has a 50 day moving average price of $27.89 and a 200-day moving average price of $27.11.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/inter-pipeline-ltd-ipl-price-target-increased-to-c29-00-by-analysts-at-raymond-james-financial-inc.html
The company also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, October 19th. This represents a $1.56 annualized dividend and a yield of 5.54%.
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.
Receive News & Ratings for Inter Pipeline Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Pipeline Ltd and related companies with MarketBeat.com's FREE daily email newsletter.