Inter Pipeline (TSE:IPL) had its price target trimmed by Scotiabank from C$28.00 to C$27.00 in a research note issued to investors on Tuesday. They currently have a sector perform rating on the stock.
Other research analysts have also issued reports about the stock. GMP Securities upped their target price on shares of Inter Pipeline from C$29.00 to C$29.50 in a research report on Monday, November 13th. CIBC cut their target price on shares of Inter Pipeline from C$31.00 to C$30.00 in a research report on Monday, November 13th. Canaccord Genuity cut their price target on shares of Inter Pipeline from C$30.00 to C$28.00 in a research report on Wednesday, February 14th. BMO Capital Markets cut their price target on shares of Inter Pipeline from C$28.00 to C$25.00 in a research report on Tuesday, February 6th. Finally, TD Securities upped their price target on shares of Inter Pipeline from C$33.00 to C$35.00 and gave the company a buy rating in a research report on Tuesday, December 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of C$29.06.
Inter Pipeline (TSE IPL) opened at C$22.41 on Tuesday. Inter Pipeline has a 1 year low of C$21.62 and a 1 year high of C$29.79. The stock has a market cap of $8,510.00, a price-to-earnings ratio of 15.89 and a beta of 0.27.
In other Inter Pipeline news, insider David Michael Chappell purchased 5,800 shares of the business’s stock in a transaction on Monday, January 15th. The stock was acquired at an average cost of C$25.89 per share, for a total transaction of C$150,162.00. Also, Director Alison Taylor Love purchased 1,000 shares of the business’s stock in a transaction on Monday, January 15th. The shares were acquired at an average price of C$25.93 per share, with a total value of C$25,930.00. Over the last 90 days, insiders have acquired 7,120 shares of company stock valued at $184,300.
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About Inter Pipeline
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.
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