Inter Pipeline Ltd (IPL) Receives C$30.17 Consensus PT from Analysts
Shares of Inter Pipeline Ltd (TSE:IPL) have earned a consensus rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$30.19.
A number of brokerages recently weighed in on IPL. BMO Capital Markets downgraded shares of Inter Pipeline from an “outperform” rating to a “market perform” rating and set a C$28.00 target price on the stock. in a report on Tuesday, December 19th. CIBC boosted their target price on shares of Inter Pipeline from C$30.00 to C$32.00 in a report on Tuesday, December 19th. TD Securities boosted their target price on shares of Inter Pipeline from C$33.00 to C$35.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Raymond James Financial boosted their target price on shares of Inter Pipeline from C$26.00 to C$28.00 and gave the stock a “market perform” rating in a report on Monday, November 13th. Finally, GMP Securities lifted their price objective on shares of Inter Pipeline from C$29.00 to C$29.50 in a research report on Monday, November 13th.
Shares of Inter Pipeline (IPL) traded up C$0.15 on Thursday, reaching C$25.51. 1,017,900 shares of the company were exchanged, compared to its average volume of 987,130. The firm has a market capitalization of $9,610.00, a P/E ratio of 18.49 and a beta of 0.36. Inter Pipeline has a fifty-two week low of C$22.14 and a fifty-two week high of C$30.07.
The business also recently disclosed a monthly dividend, which will be paid on Monday, January 15th. Shareholders of record on Monday, January 15th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, December 21st. This represents a $1.68 dividend on an annualized basis and a yield of 6.59%. Inter Pipeline’s dividend payout ratio (DPR) is 117.03%.
About Inter Pipeline
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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