Inter Pipeline (OTCMKTS:IPPLF) Raised to “Outperform” at CIBC
CIBC upgraded shares of Inter Pipeline (OTCMKTS:IPPLF) from a neutral rating to an outperform rating in a research report released on Monday morning, The Fly reports.
Separately, Raymond James reiterated a sell rating on shares of Inter Pipeline in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold.
IPPLF opened at $18.27 on Monday. The firm’s 50 day moving average is $16.95 and its 200-day moving average is $16.20. Inter Pipeline has a 52-week low of $13.66 and a 52-week high of $19.26.
Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; Natural Gas Liquids (NGL) Processing; and Bulk Liquid Storage.
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