Inter Pipeline (IPL) Price Target Increased to C$29.50 by Analysts at GMP Securities

Inter Pipeline (TSE:IPL) had its price objective raised by investment analysts at GMP Securities from C$29.00 to C$29.50 in a research note issued on Monday, November 13th. GMP Securities’ price objective would indicate a potential upside of 8.22% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets cut their price objective on shares of Inter Pipeline from C$29.00 to C$27.00 in a research report on Thursday, August 17th. CIBC cut their price objective on shares of Inter Pipeline from C$31.00 to C$30.00 in a research report on Monday, November 13th. Raymond James Financial cut their price objective on shares of Inter Pipeline from C$30.00 to C$26.00 and set a “market perform” rating on the stock in a research report on Monday, August 14th. AltaCorp Capital upgraded shares of Inter Pipeline from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada cut their price objective on shares of Inter Pipeline from C$32.00 to C$30.00 and set an “outperform” rating on the stock in a research report on Monday, August 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$29.72.

Inter Pipeline (TSE:IPL) traded up C$0.16 during trading on Monday, reaching C$27.26. 1,419,994 shares of the company were exchanged, compared to its average volume of 952,854. Inter Pipeline has a 52 week low of C$22.14 and a 52 week high of C$30.07.

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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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