Inter Pipeline Ltd (IPL) PT Raised to C$29.50
Inter Pipeline Ltd (TSE:IPL) had its price objective upped by equities research analysts at GMP Securities from C$29.00 to C$29.50 in a research report issued to clients and investors on Monday. GMP Securities’ price target points to a potential upside of 11.62% from the company’s previous close.
Several other research firms have also recently issued reports on IPL. AltaCorp Capital raised Inter Pipeline from a “sector perform” rating to an “outperform” rating in a report on Tuesday, August 22nd. National Bank Financial dropped their price target on Inter Pipeline from C$32.00 to C$31.00 and set a “sector perform” rating on the stock in a report on Friday, August 11th. BMO Capital Markets dropped their price target on Inter Pipeline from C$29.00 to C$27.00 in a report on Thursday, August 17th. CIBC dropped their price target on Inter Pipeline from C$31.00 to C$30.00 in a report on Monday. Finally, Raymond James Financial, Inc. dropped their price target on Inter Pipeline from C$30.00 to C$26.00 and set a “market perform” rating on the stock in a report on Monday, August 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Inter Pipeline presently has an average rating of “Buy” and an average price target of C$29.72.
Inter Pipeline (TSE:IPL) opened at C$26.43 on Monday. Inter Pipeline has a twelve month low of C$22.14 and a twelve month high of C$30.07.
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In other news, insider James Joseph Madro bought 2,200 shares of the business’s stock in a transaction on Monday, August 21st. The shares were bought at an average cost of C$22.49 per share, with a total value of C$49,478.00.
Inter Pipeline Company Profile
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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