Inter Pipeline (TSE:IPL) was upgraded by Industrial Alliance Securities from a “hold” rating to a “buy” rating in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a C$25.00 price objective on the stock. Industrial Alliance Securities’ price target suggests a potential upside of 15.26% from the stock’s current price.
IPL has been the topic of a number of other reports. TD Securities decreased their price objective on Inter Pipeline from C$28.00 to C$26.00 and set a “buy” rating on the stock in a report on Monday. JPMorgan Chase & Co. lifted their price objective on Inter Pipeline from C$23.00 to C$25.00 in a report on Wednesday, August 28th. CIBC downgraded Inter Pipeline from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from C$24.00 to C$22.00 in a report on Friday, November 8th. BMO Capital Markets lifted their price objective on Inter Pipeline from C$23.00 to C$24.00 in a report on Monday, September 9th. Finally, AltaCorp Capital decreased their price objective on Inter Pipeline from C$26.50 to C$26.00 in a report on Monday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$24.90.
TSE IPL traded up C$0.09 during trading on Thursday, reaching C$21.69. 869,403 shares of the company traded hands, compared to its average volume of 1,814,085. The company has a debt-to-equity ratio of 153.30, a quick ratio of 0.15 and a current ratio of 0.18. The stock’s 50 day moving average price is C$22.37 and its two-hundred day moving average price is C$22.26. The company has a market cap of $8.97 billion and a price-to-earnings ratio of 12.93. Inter Pipeline has a 1-year low of C$18.60 and a 1-year high of C$25.42.
About Inter Pipeline
Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; Natural Gas Liquids (NGL) Processing; and Bulk Liquid Storage.
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