Industrial Alliance Securities downgraded shares of Inter Pipeline (TSE:IPL) from a strong-buy rating to a hold rating in a research report released on Monday morning, BayStreet.CA reports. The brokerage currently has C$26.00 price objective on the stock, up from their prior price objective of C$25.50.
IPL has been the topic of a number of other reports. BMO Capital Markets increased their price objective on Inter Pipeline from C$22.00 to C$23.00 in a report on Friday, August 9th. National Bank Financial cut their price objective on Inter Pipeline from C$29.50 to C$28.00 and set an outperform rating on the stock in a report on Friday, May 10th. Finally, Raymond James reissued an underperform rating and issued a C$20.00 price objective on shares of Inter Pipeline in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of C$25.70.
Shares of IPL stock opened at C$24.31 on Monday. The stock’s 50-day simple moving average is C$22.33 and its 200-day simple moving average is C$21.54. The company has a debt-to-equity ratio of 153.85, a quick ratio of 0.15 and a current ratio of 0.18. The firm has a market capitalization of $10.09 billion and a PE ratio of 17.49. Inter Pipeline has a fifty-two week low of C$18.60 and a fifty-two week high of C$25.24.
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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