Inter Pipeline Ltd (TSE:IPL) PT Lowered to C$31.00
Inter Pipeline Ltd (TSE:IPL) had its price objective lowered by stock analysts at National Bank Financial from C$32.00 to C$31.00 in a research note issued on Friday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 30.03% from the company’s current price.
A number of other research analysts have also recently issued reports on IPL. CIBC decreased their price objective on shares of Inter Pipeline from C$32.00 to C$31.00 in a research note on Monday, July 24th. BMO Capital Markets decreased their price objective on shares of Inter Pipeline from C$29.00 to C$27.00 in a research note on Friday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Inter Pipeline has a consensus rating of “Hold” and a consensus price target of C$30.56.
Inter Pipeline (IPL) traded down 2.43% during midday trading on Friday, reaching $23.26. The company had a trading volume of 785,529 shares. The stock’s 50 day moving average is $24.90 and its 200 day moving average is $27.05. Inter Pipeline has a one year low of $23.10 and a one year high of $30.07. The company has a market capitalization of $8.64 billion and a PE ratio of 16.56.
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In other news, insider Cory Wade Neufeld acquired 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average cost of C$25.61 per share, with a total value of C$58,903.00.
Inter Pipeline Company Profile
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.
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