Brokerages Set Inter Pipeline Ltd (IPL) PT at $29.78

Shares of Inter Pipeline Ltd (TSE:IPL) have earned a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$29.78.

A number of brokerages recently issued reports on IPL. BMO Capital Markets cut their target price on Inter Pipeline from C$29.00 to C$27.00 in a report on Thursday, August 17th. Scotiabank cut their target price on Inter Pipeline from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Monday, August 14th. National Bank Financial cut their target price on Inter Pipeline from C$32.00 to C$31.00 and set a “sector perform” rating on the stock in a report on Friday, August 11th. Royal Bank Of Canada cut their target price on Inter Pipeline from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a report on Monday, August 14th. Finally, AltaCorp Capital upgraded Inter Pipeline from a “sector perform” rating to an “outperform” rating in a report on Tuesday, August 22nd.

In related news, insider Brent Heagy acquired 4,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of C$23.06 per share, for a total transaction of C$92,240.00. Also, insider James Joseph Madro acquired 2,200 shares of the company’s stock in a transaction on Monday, August 21st. The shares were bought at an average price of C$22.49 per share, for a total transaction of C$49,478.00. Over the last 90 days, insiders have acquired 11,500 shares of company stock worth $265,409.

Shares of Inter Pipeline (TSE IPL) traded up 1.02% during mid-day trading on Friday, hitting $25.78. 663,472 shares of the stock were exchanged. The stock has a market capitalization of $9.65 billion and a P/E ratio of 19.28. The stock’s 50 day moving average price is $23.76 and its 200-day moving average price is $25.64. Inter Pipeline has a 12-month low of $22.14 and a 12-month high of $30.07.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a yield of 6.28%. The ex-dividend date is Friday, October 20th.

ILLEGAL ACTIVITY NOTICE: “Brokerages Set Inter Pipeline Ltd (IPL) PT at $29.78” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/10/brokerages-set-inter-pipe

A number of brokerages recently issued reports on IPL. BMO Capital Markets cut their target price on Inter Pipeline from C$29.00 to C$27.00 in a report on Thursday, August 17th. Scotiabank cut their target price on Inter Pipeline from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Monday, August 14th. National Bank Financial cut their target price on Inter Pipeline from C$32.00 to C$31.00 and set a “sector perform” rating on the stock in a report on Friday, August 11th. Royal Bank Of Canada cut their target price on Inter Pipeline from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a report on Monday, August 14th. Finally, AltaCorp Capital upgraded Inter Pipeline from a “sector perform” rating to an “outperform” rating in a report on Tuesday, August 22nd.

In related news, insider Brent Heagy acquired 4,000 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were acquired at an average cost of C$23.06 per share, for a total transaction of C$92,240.00. Also, insider James Joseph Madro acquired 2,200 shares of the company’s stock in a transaction on Monday, August 21st. The shares were bought at an average price of C$22.49 per share, for a total transaction of C$49,478.00. Over the last 90 days, insiders have acquired 11,500 shares of company stock worth $265,409.

Shares of Inter Pipeline (TSE IPL) traded up 1.02% during mid-day trading on Friday, hitting $25.78. 663,472 shares of the stock were exchanged. The stock has a market capitalization of $9.65 billion and a P/E ratio of 19.28. The stock’s 50 day moving average price is $23.76 and its 200-day moving average price is $25.64. Inter Pipeline has a 12-month low of $22.14 and a 12-month high of $30.07.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a yield of 6.28%. The ex-dividend date is Friday, October 20th.

ILLEGAL ACTIVITY NOTICE: “Brokerages Set Inter Pipeline Ltd (IPL) PT at $29.78” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/10/brokerages-set-inter-pipeline-ltd-ipl-pt-at-29-78.html.

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.

Analyst Recommendations for Inter Pipeline (TSE:IPL)

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