Raymond James upgraded shares of Inter Pipeline (TSE:IPL) from an underperform rating to a market perform rating in a research note published on Monday, BayStreet.CA reports. They currently have C$25.00 price objective on the stock, up from their previous price objective of C$20.00.
Other equities research analysts have also issued research reports about the stock. Industrial Alliance Securities lowered shares of Inter Pipeline from a strong-buy rating to a hold rating and lifted their price objective for the company from C$25.50 to C$26.00 in a research note on Monday. CIBC raised shares of Inter Pipeline from a neutral rating to an outperform rating in a research note on Monday. BMO Capital Markets lifted their price objective on shares of Inter Pipeline from C$22.00 to C$23.00 in a research note on Friday, August 9th. Finally, National Bank Financial lifted their price objective on shares of Inter Pipeline from C$26.00 to C$27.00 and gave the company an outperform rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Inter Pipeline has an average rating of Buy and a consensus target price of C$25.70.
IPL stock opened at C$24.31 on Monday. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 153.85. Inter Pipeline has a 1 year low of C$18.60 and a 1 year high of C$25.24. The company has a fifty day simple moving average of C$22.33 and a 200 day simple moving average of C$21.54. The firm has a market cap of $10.09 billion and a PE ratio of 17.49.
About Inter Pipeline
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.
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