Brookfield Infrastructure Partners (TSE:BIP.UN) Price Target Raised to C$54.00 at National Bank Financial

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) had its price objective boosted by equities research analysts at National Bank Financial from C$52.00 to C$54.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential downside of 21.56% from the company’s current price.

Shares of Brookfield Infrastructure Partners stock traded down C$0.20 during trading on Wednesday, reaching C$68.84. The company’s stock had a trading volume of 126,164 shares, compared to its average volume of 228,861. The company has a quick ratio of 0.81, a current ratio of 1.18 and a debt-to-equity ratio of 106.08. The company has a market cap of $20.19 billion and a price-to-earnings ratio of 358.54. Brookfield Infrastructure Partners has a 1-year low of C$44.04 and a 1-year high of C$70.25. The company has a 50-day simple moving average of C$66.89 and a two-hundred day simple moving average of C$61.22.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

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