Inter Pipeline Ltd (IPL) Director Buys C$23,270.00 in Stock
Inter Pipeline Ltd (TSE:IPL) Director Alison Taylor Love acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average price of C$23.27 per share, with a total value of C$23,270.00.
Shares of Inter Pipeline Ltd (TSE:IPL) traded down 1.37% during midday trading on Tuesday, hitting $23.12. The company’s stock had a trading volume of 1,251,079 shares. Inter Pipeline Ltd has a 12-month low of $23.02 and a 12-month high of $30.07. The firm has a 50-day moving average of $24.82 and a 200 day moving average of $26.94. The firm has a market cap of $8.76 billion and a price-to-earnings ratio of 17.34.
The firm also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.135 per share. The ex-dividend date is Friday, August 18th. This represents a $1.62 annualized dividend and a yield of 7.01%.
WARNING: This piece was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/inter-pipeline-ltd-ipl-director-buys-c23270-00-in-stock/1492154.html.
A number of research firms recently issued reports on IPL. Raymond James Financial, Inc. dropped their price objective on Inter Pipeline from C$30.00 to C$26.00 and set a “market perform” rating for the company in a report on Monday. Royal Bank Of Canada dropped their price objective on Inter Pipeline from C$32.00 to C$30.00 and set an “outperform” rating for the company in a report on Monday. CIBC dropped their price objective on Inter Pipeline from C$32.00 to C$31.00 in a report on Monday, July 24th. BMO Capital Markets dropped their price objective on Inter Pipeline from C$29.00 to C$27.00 in a report on Friday. Finally, Scotiabank dropped their price objective on Inter Pipeline from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a report on Monday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Inter Pipeline currently has an average rating of “Hold” and a consensus target price of C$29.78.
About Inter Pipeline
Inter Pipeline Ltd. engages in the petroleum transportation, natural gas liquids processing, and bulk liquid storage 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.
Receive News & Ratings for Inter Pipeline Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Pipeline Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.