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. The firm currently has C$25.00 price target on the stock.
Several other research firms also recently weighed in on IPL. JPMorgan Chase & Co. raised their target price on Inter Pipeline from C$23.00 to C$25.00 in a research report on Wednesday, August 28th. TD Securities decreased their target price on Inter Pipeline from C$28.00 to C$26.00 and set a buy rating on the stock in a research report on Monday, November 11th. Raymond James restated a market perform rating and issued a C$24.00 target price on shares of Inter Pipeline in a research report on Tuesday, November 12th. Royal Bank of Canada decreased their target price on Inter Pipeline from C$25.00 to C$24.00 and set a sector perform rating on the stock in a research report on Monday, November 11th. Finally, National Bank Financial downgraded Inter Pipeline from an outperform rating to a sector perform rating and decreased their target price for the company from C$27.00 to C$26.00 in a research report on Friday, November 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of C$24.90.
Shares of TSE IPL traded up C$0.14 during midday trading on Thursday, hitting C$21.92. The stock had a trading volume of 1,238,500 shares, compared to its average volume of 1,812,177. The company has a market capitalization of $9.07 billion and a PE ratio of 15.32. The stock has a 50 day simple moving average of C$22.28 and a 200-day simple moving average of C$22.26. Inter Pipeline has a 1 year low of C$18.60 and a 1 year high of C$25.42. The company has a quick ratio of 0.10, a current ratio of 0.12 and a debt-to-equity ratio of 159.67.
About Inter Pipeline
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.
See Also: Dividend Aristocrat Index
Receive News & Ratings for Inter Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.