Inter Pipeline Ltd (IPL) Price Target Raised to C$29.00 at Raymond James Financial Inc.
Inter Pipeline Ltd (TSE:IPL) had its price target boosted by Raymond James Financial Inc. from C$27.50 to C$29.00 in a research note issued to investors on Wednesday, StockTargetPrices.com reports. Raymond James Financial Inc.’s price objective would suggest a potential upside of 3.06% from the company’s current price.
A number of other analysts also recently issued reports on the company. National Bank Financial set a C$29.00 price target on Inter Pipeline and gave the company a “sector perform” rating in a research report on Friday, August 19th. TD Securities lifted their price target on Inter Pipeline from C$27.00 to C$30.00 and gave the company a “buy” rating in a research report on Thursday, August 18th. Scotiabank lifted their price target on Inter Pipeline from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a research report on Thursday, August 18th. CIBC lifted their price target on Inter Pipeline from C$29.00 to C$30.00 in a research report on Thursday, August 18th. Finally, BMO Capital Markets restated a “market perform” rating and issued a C$28.00 target price on shares of Inter Pipeline in a research report on Thursday, August 18th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$29.15.
Inter Pipeline (TSE:IPL) traded down 0.57% during mid-day trading on Wednesday, reaching $27.98. 264,873 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $27.89 and a 200-day moving average of $27.11. The stock has a market cap of $9.43 billion and a price-to-earnings ratio of 20.59. Inter Pipeline has a one year low of $18.43 and a one year high of $28.79.
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The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be given a $0.13 dividend. 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.
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