Industrial Alliance Securities upgraded shares of Inter Pipeline (TSE:IPL) from a hold rating to a buy rating in a report issued on Thursday, BayStreet.CA reports. Industrial Alliance Securities currently has C$25.00 price target on the stock.
Several other research firms also recently commented on IPL. National Bank Financial downgraded shares of Inter Pipeline from an outperform rating to a sector perform rating and reduced their price target for the stock from C$27.00 to C$26.00 in a research note on Friday, November 8th. Royal Bank of Canada reduced their price target on shares of Inter Pipeline from C$25.00 to C$24.00 and set a sector perform rating on the stock in a research note on Monday. Raymond James reaffirmed a market perform rating and issued a C$24.00 price target on shares of Inter Pipeline in a research note on Tuesday. BMO Capital Markets raised their price target on shares of Inter Pipeline from C$23.00 to C$24.00 in a research note on Monday, September 9th. Finally, CIBC downgraded shares of Inter Pipeline from an outperform rating to a neutral rating and reduced their price target for the stock from C$24.00 to C$22.00 in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of C$24.90.
IPL stock traded up C$0.14 during trading on Thursday, hitting C$21.92. The company had a trading volume of 1,238,458 shares, compared to its average volume of 1,812,177. The firm has a market capitalization of $9.07 billion and a P/E ratio of 13.06. Inter Pipeline has a 52-week low of C$18.60 and a 52-week high of C$25.42. The company has a 50 day simple moving average of C$22.32 and a 200-day simple moving average of C$22.26. 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 also recently announced a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be given a dividend of $0.1425 per share. This represents a $1.71 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date of this dividend is Thursday, November 21st. Inter Pipeline’s dividend payout ratio (DPR) is 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.
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