Inter Pipeline (TSE:IPL) had its price objective lowered by AltaCorp Capital from C$26.50 to C$26.00 in a research note released on Monday morning, BayStreet.CA reports.
Several other research firms have also recently weighed in on IPL. BMO Capital Markets increased their price target on shares of Inter Pipeline from C$23.00 to C$24.00 in a research note on Monday, September 9th. Raymond James raised shares of Inter Pipeline from an underperform rating to a market perform rating and increased their price target for the company from C$20.00 to C$25.00 in a research note on Monday, August 12th. JPMorgan Chase & Co. increased their price target on shares of Inter Pipeline from C$23.00 to C$25.00 in a research note on Wednesday, August 28th. National Bank Financial cut shares of Inter Pipeline from an outperform rating to a sector perform rating and dropped their price target for the company from C$27.00 to C$26.00 in a research note on Friday, November 8th. Finally, Royal Bank of Canada dropped their price target on shares of Inter Pipeline from C$25.00 to C$24.00 and set a sector perform rating for the company in a research note on Monday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of C$25.00.
Shares of Inter Pipeline stock traded up C$0.04 during mid-day trading on Monday, hitting C$21.64. The stock had a trading volume of 666,920 shares, compared to its average volume of 1,814,015. The firm has a 50-day moving average of C$22.37 and a two-hundred day moving average of C$22.26. Inter Pipeline has a 12-month low of C$18.60 and a 12-month high of C$25.42. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 153.30. The firm has a market cap of $8.97 billion and a P/E ratio of 12.90.
Inter Pipeline Company Profile
Inter Pipeline Ltd. engages in the petroleum transportation and 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.
Featured Story: Net Margin
Receive News & Ratings for Inter Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.