Inter Pipeline (IPL) Price Target Cut to C$27.00 by Analysts at Cormark

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Inter Pipeline (TSE:IPL) had its price target reduced by investment analysts at Cormark from C$30.00 to C$27.00 in a research report issued on Tuesday. Cormark’s price objective indicates a potential upside of 27.60% from the stock’s current price.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of Inter Pipeline from C$28.00 to C$26.00 in a research note on Friday, February 1st. National Bank Financial cut their price target on shares of Inter Pipeline from C$31.00 to C$29.00 and set an “outperform” rating for the company in a report on Wednesday, January 23rd. Royal Bank of Canada cut their price target on shares of Inter Pipeline from C$30.00 to C$28.00 and set an “outperform” rating for the company in a report on Monday, November 12th. CIBC cut their price target on shares of Inter Pipeline from C$30.00 to C$29.00 in a report on Tuesday, January 15th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$26.00 price objective on shares of Inter Pipeline in a report on Tuesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$27.27.

TSE:IPL traded up C$0.06 on Tuesday, hitting C$21.16. The stock had a trading volume of 647,844 shares, compared to its average volume of 1,516,422. The company has a debt-to-equity ratio of 145.36, a quick ratio of 0.15 and a current ratio of 0.17. Inter Pipeline has a 1 year low of C$18.60 and a 1 year high of C$25.66. The firm has a market cap of $8.39 billion and a price-to-earnings ratio of 13.74.

Inter Pipeline Company Profile

Inter Pipeline Ltd. engages in the petroleum transportation, storage, and natural gas liquids processing 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. The Oil Sands Transportation segment transports petroleum products, such as bitumen blend and diluent through Cold Lake, Corridor, and Polaris pipeline systems covering approximately 3,300 kilometers of pipeline and 3.8 million barrels of storage capacity.

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Analyst Recommendations for Inter Pipeline (TSE:IPL)

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