BMO Capital Markets downgraded shares of Inter Pipeline (TSE:IPL) from an outperform rating to a market perform rating in a report published on Tuesday, December 19th. The brokerage currently has C$28.00 price objective on the stock.
IPL has been the subject of several other reports. CIBC raised their target price on Inter Pipeline from C$30.00 to C$32.00 in a research report on Tuesday, December 19th. TD Securities lifted their price objective on Inter Pipeline from C$33.00 to C$35.00 and gave the stock a buy rating in a research report on Tuesday, December 19th. Raymond James Financial lifted their price objective on Inter Pipeline from C$26.00 to C$28.00 and gave the stock a market perform rating in a research report on Monday, November 13th. GMP Securities boosted their target price on Inter Pipeline from C$29.00 to C$29.50 in a research report on Monday, November 13th. Finally, AltaCorp Capital upgraded Inter Pipeline from a sector perform rating to an outperform rating in a research report on Tuesday, August 22nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of C$30.19.
Shares of Inter Pipeline (IPL) traded up C$0.03 during mid-day trading on Tuesday, reaching C$25.81. The company’s stock had a trading volume of 727,898 shares, compared to its average volume of 870,547. The firm has a market capitalization of $9,700.00, a P/E ratio of 18.70 and a beta of 0.36. Inter Pipeline has a one year low of C$22.14 and a one year high of C$29.79.
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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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