Inter Pipeline (TSE:IPL) Price Target Cut to C$26.00 by Analysts at AltaCorp Capital

Share on StockTwits

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.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be given a dividend of $0.1425 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.71 dividend on an annualized basis and a dividend yield of 7.90%. Inter Pipeline’s payout ratio is currently 101.76%.

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

Analyst Recommendations for Inter Pipeline (TSE:IPL)

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.



Latest News

Intesa Sanpaolo SpA  Given Average Recommendation of “Hold” by Analysts
Intesa Sanpaolo SpA Given Average Recommendation of “Hold” by Analysts
$14.18 Million in Sales Expected for Quanterix Corp  This Quarter
$14.18 Million in Sales Expected for Quanterix Corp This Quarter
Sandy Spring Bancorp Inc.  Sees Significant Increase in Short Interest
Sandy Spring Bancorp Inc. Sees Significant Increase in Short Interest
EtherInc Trading Down 16.8% This Week
EtherInc Trading Down 16.8% This Week
Wagerr  Hits Market Cap of $5.89 Million
Wagerr Hits Market Cap of $5.89 Million
Fatcoin  Tops 1-Day Volume of $1.34 Million
Fatcoin Tops 1-Day Volume of $1.34 Million


© 2006-2019 Ticker Report