Analysts’ Recent Ratings Updates for Inter Pipeline (IPL)
Several brokerages have updated their recommendations and price targets on shares of Inter Pipeline (TSE: IPL) in the last few weeks:
- 11/13/2017 – Inter Pipeline had its price target raised by analysts at Raymond James Financial, Inc. from C$26.00 to C$28.00. They now have a “market perform” rating on the stock.
- 11/13/2017 – Inter Pipeline had its price target raised by analysts at GMP Securities from C$29.00 to C$29.50.
- 11/13/2017 – Inter Pipeline had its price target lowered by analysts at CIBC from C$31.00 to C$30.00.
- 11/10/2017 – Inter Pipeline had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a C$28.00 price target on the stock.
Shares of Inter Pipeline Ltd. (TSE IPL) opened at C$27.10 on Friday. Inter Pipeline Ltd. has a 52 week low of C$22.14 and a 52 week high of C$30.07.
The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 15th will be issued a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a yield of 6.20%. This is a positive change from Inter Pipeline’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, November 21st. Inter Pipeline’s dividend payout ratio (DPR) is 117.03%.
Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe.
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