Inter Pipeline Ltd (IPL) Price Target Increased to C$28.00 by Analysts at Raymond James Financial, Inc.

Inter Pipeline Ltd (TSE:IPL) had its price target lifted by Raymond James Financial, Inc. from C$26.00 to C$28.00 in a research report report published on Monday. The firm currently has a market perform rating on the stock.

Other equities research analysts have also issued research reports about the company. CIBC cut their target price on Inter Pipeline from C$31.00 to C$30.00 in a research report on Monday. National Bank Financial dropped their price target on Inter Pipeline from C$32.00 to C$31.00 and set a sector perform rating on the stock in a research note on Thursday, August 17th. GMP Securities upped their price target on Inter Pipeline from C$29.00 to C$29.50 in a research note on Monday. Royal Bank Of Canada dropped their price target on Inter Pipeline from C$32.00 to C$30.00 and set an outperform rating on the stock in a research note on Monday, August 14th. Finally, BMO Capital Markets dropped their price target on Inter Pipeline from C$29.00 to C$27.00 in a research note on Thursday, August 17th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Inter Pipeline currently has an average rating of Buy and an average target price of C$29.72.

Shares of Inter Pipeline (IPL) traded up C$0.25 during trading on Monday, hitting C$26.36. The company had a trading volume of 1,206,868 shares, compared to its average volume of 965,495. Inter Pipeline has a 52 week low of C$22.14 and a 52 week high of C$30.07.

ILLEGAL ACTIVITY WARNING: This article was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.chaffeybreeze.com/2017/11/14/inter-pipeline-ltd-ipl-price-target-increased-to-c28-00-by-analysts-at-raymond-james-financial-inc.html.

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date is Friday, October 20th. Inter Pipeline’s dividend payout ratio (DPR) is currently 115.94%.

In related news, insider Brent Heagy acquired 4,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of C$23.06 per share, with a total value of C$92,240.00. Also, insider James Joseph Madro acquired 2,200 shares of the stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of C$22.49 per share, with a total value of C$49,478.00. Over the last ninety days, insiders have purchased 7,550 shares of company stock worth $172,715.

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)

Receive News & Ratings for Inter Pipeline Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Pipeline Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply