Inter Pipeline (TSE:IPL) Price Target Increased to C$27.00 by Analysts at National Bank Financial
Inter Pipeline (TSE:IPL) had its price objective hoisted by National Bank Financial from C$26.00 to C$27.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other research firms also recently commented on IPL. BMO Capital Markets upped their price objective on Inter Pipeline from C$22.00 to C$23.00 in a research note on Friday, August 9th. Industrial Alliance Securities downgraded Inter Pipeline from a strong-buy rating to a hold rating and upped their price objective for the company from C$25.50 to C$26.00 in a research note on Monday. Finally, Raymond James reaffirmed an underperform rating and set a C$20.00 price objective on shares of Inter Pipeline in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Inter Pipeline currently has a consensus rating of Buy and a consensus target price of C$25.70.
Inter Pipeline stock opened at C$24.31 on Monday. Inter Pipeline has a fifty-two week low of C$18.60 and a fifty-two week high of C$25.24. The company has a debt-to-equity ratio of 153.85, a quick ratio of 0.15 and a current ratio of 0.18. The company has a market capitalization of $10.09 billion and a P/E ratio of 17.49. The stock has a 50-day simple moving average of C$22.33 and a 200-day simple moving average of C$21.54.
Inter Pipeline Company Profile
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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