Brookfield Infrastructure Partners L.P. (BIP.UN) Receives Average Rating of “Buy” from Analysts

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) have been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$53.88.

Several research analysts recently commented on the company. Scotiabank lifted their price target on Brookfield Infrastructure Partners to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Royal Bank of Canada lifted their price target on Brookfield Infrastructure Partners to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. National Bank Financial lifted their price target on Brookfield Infrastructure Partners to C$61.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Finally, Barclays lifted their price target on Brookfield Infrastructure Partners from C$52.00 to C$55.00 in a research report on Friday, September 29th.

Shares of Brookfield Infrastructure Partners (TSE:BIP.UN) traded up C$0.60 during mid-day trading on Friday, hitting C$53.55. The stock had a trading volume of 147,003 shares, compared to its average volume of 298,577. Brookfield Infrastructure Partners has a 1 year low of C$44.86 and a 1 year high of C$59.28. The company has a market capitalization of $14,640.00, a PE ratio of 157.50 and a beta of 0.67.

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About Brookfield Infrastructure Partners

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).

Analyst Recommendations for Brookfield Infrastructure Partners (TSE:BIP.UN)

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