Several other equities analysts also recently commented on IPL. BMO Capital Markets raised their target price on shares of Inter Pipeline from C$24.00 to C$26.00 in a research note on Thursday, July 7th. National Bank Financial lowered shares of Inter Pipeline from an outperform rating to a sector perform rating and raised their price target for the stock from C$28.00 to C$29.00 in a research report on Monday, July 18th. CIBC decreased their price target on shares of Inter Pipeline from C$30.00 to C$29.00 in a research report on Wednesday, July 20th. RBC Capital Markets raised their price target on shares of Inter Pipeline from C$28.00 to C$30.00 in a research report on Friday, August 5th. Finally, Scotiabank restated a sector perform rating and issued a C$27.00 price target on shares of Inter Pipeline in a research report on Friday, August 5th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of C$29.15.
Inter Pipeline (TSE:IPL) opened at 28.05 on Wednesday. Inter Pipeline has a 1-year low of $18.43 and a 1-year high of $28.79. The company has a 50 day moving average of $27.88 and a 200 day moving average of $27.12. The firm has a market capitalization of $9.45 billion and a P/E ratio of 20.64.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be issued a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Wednesday, October 19th.
Inter Pipeline Company Profile
Inter Pipeline Ltd. (Inter Pipeline) owns and operates energy infrastructure assets located in western Canada and Europe. Inter Pipeline operates in four segments: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business.
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