Brookfield Infrastructure Partners L.P. (BIP.UN) Given Consensus Recommendation of “Buy” by Brokerages
Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) has received an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$51.96.
A number of equities research analysts have issued reports on the stock. Scotiabank reiterated an “outperform” rating and set a C$54.75 price objective on shares of Brookfield Infrastructure Partners L.P. in a research note on Monday. CSFB upgraded shares of Brookfield Infrastructure Partners L.P. from a “neutral” rating to an “outperform” rating and set a C$58.00 price objective on the stock in a research note on Friday, June 16th. Royal Bank Of Canada increased their price objective on shares of Brookfield Infrastructure Partners L.P. to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. Finally, Barclays PLC reiterated an “equal weight” rating and set a C$57.00 price objective on shares of Brookfield Infrastructure Partners L.P. in a research note on Friday, May 5th.
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About Brookfield Infrastructure Partners L.P.
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include utilities, transport, energy, communications infrastructure and other. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).
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