Inter Pipeline Ltd (IPL) Receives Average Recommendation of “Hold” from Analysts

Inter Pipeline Ltd (TSE:IPL) has been assigned an average rating of “Hold” from the eleven analysts that are covering the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$31.00.

A number of research firms have recently issued reports on IPL. BMO Capital Markets boosted their target price on Inter Pipeline from C$28.00 to C$28.50 in a report on Tuesday, December 13th. CIBC boosted their target price on Inter Pipeline from C$31.00 to C$32.00 in a report on Thursday, February 9th. National Bank Financial boosted their target price on Inter Pipeline from C$30.00 to C$31.00 in a report on Wednesday, January 25th. Desjardins boosted their target price on Inter Pipeline from C$28.00 to C$30.00 in a report on Wednesday, December 21st. Finally, Raymond James Financial, Inc. boosted their target price on Inter Pipeline from C$29.00 to C$30.00 in a report on Tuesday, December 13th.

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In related news, insider Spilios Harry Kousinioris bought 7,050 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were acquired at an average price of C$28.10 per share, with a total value of C$198,105.00. Also, insider Bernard Perron bought 3,465 shares of the company’s stock in a transaction dated Thursday, February 23rd. The stock was bought at an average cost of C$28.87 per share, for a total transaction of C$100,034.55. In the last three months, insiders bought 24,845 shares of company stock worth $703,174.

Shares of Inter Pipeline (TSE:IPL) opened at 28.12 on Thursday. Inter Pipeline has a 52 week low of $24.92 and a 52 week high of $30.07. The stock’s 50 day moving average is $28.26 and its 200-day moving average is $28.17. The firm has a market cap of $10.37 billion and a PE ratio of 21.47.

The business also recently announced a monthly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Thursday, April 13th will be issued a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend is Monday, March 20th.

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.

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