CIBC Boosts Inter Pipeline (IPL) Price Target to C$32.00

Inter Pipeline (TSE:IPL) had its price objective raised by CIBC from C$30.00 to C$32.00 in a report released on Tuesday morning.

Other equities analysts have also recently issued research reports about the company. TD Securities boosted their price objective on Inter Pipeline from C$33.00 to C$35.00 and gave the company a buy rating in a report on Tuesday. GMP Securities upped their price target on Inter Pipeline from C$29.00 to C$29.50 in a report on Monday, November 13th. BMO Capital Markets reaffirmed an outperform rating and issued a C$28.00 price target on shares of Inter Pipeline in a report on Friday, November 10th. AltaCorp Capital raised Inter Pipeline from a sector perform rating to an outperform rating in a report on Tuesday, August 22nd. Finally, Raymond James Financial upped their price target on Inter Pipeline from C$26.00 to C$28.00 and gave the stock a market perform rating in a report on Monday, November 13th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of C$30.19.

Inter Pipeline (TSE IPL) opened at C$25.36 on Tuesday. Inter Pipeline has a fifty-two week low of C$22.14 and a fifty-two week high of C$30.07.

The firm also recently declared a monthly dividend, which will be paid on Monday, January 15th. Investors of record on Monday, January 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $1.68 dividend on an annualized basis and a yield of 6.62%. Inter Pipeline’s payout ratio is 117.03%.

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Inter Pipeline Company Profile

Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe.

Analyst Recommendations for Inter Pipeline (TSE:IPL)

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