Other equities research analysts have also issued research reports about the company. CIBC dropped their target price on Inter Pipeline from C$30.00 to C$29.00 in a research report on Wednesday, July 20th. RBC Capital Markets lifted their target price on Inter Pipeline from C$28.00 to C$30.00 in a research report on Friday, August 5th. Royal Bank Of Canada raised their price target on Inter Pipeline from C$28.00 to C$30.00 in a research note on Monday, August 8th. BMO Capital Markets raised their price target on Inter Pipeline from C$24.00 to C$26.00 in a research note on Thursday, July 7th. Finally, TD Securities raised their price target on Inter Pipeline from C$27.00 to C$30.00 and gave the company a buy rating in a research note on Thursday, August 18th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of C$29.15.
Inter Pipeline (TSE:IPL) opened at 27.97 on Wednesday. Inter Pipeline has a one year low of $18.43 and a one year high of $28.79. The stock’s 50 day moving average price is $27.83 and its 200-day moving average price is $27.17. The firm has a market capitalization of $9.43 billion and a price-to-earnings ratio of 20.58.
The company also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date of this dividend is Wednesday, October 19th.
Inter Pipeline Company Profile
Inter Pipeline Ltd. (Inter Pipeline) owns and operates energy infrastructure assets located in western Canada and Europe. Inter Pipeline operates in four segments: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business.
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