Inter Pipeline (TSE:IPL)‘s stock had its “underperform” rating reiterated by research analysts at Raymond James in a research note issued on Tuesday, BayStreet.CA reports. They currently have a C$20.00 target price on the stock. Raymond James’ target price would suggest a potential downside of 3.29% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on IPL. CIBC decreased their target price on Inter Pipeline from C$30.00 to C$29.00 in a research report on Tuesday, January 15th. National Bank Financial decreased their target price on Inter Pipeline from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research report on Wednesday, January 23rd. JPMorgan Chase & Co. reduced their price objective on Inter Pipeline from C$28.00 to C$26.00 in a research report on Friday, February 1st. Cormark reduced their price objective on Inter Pipeline from C$30.00 to C$27.00 in a research report on Tuesday, February 12th. Finally, AltaCorp Capital reissued an “outperform” rating on shares of Inter Pipeline in a research report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$25.11.
Shares of Inter Pipeline stock opened at C$20.68 on Tuesday. The company has a market cap of $8.39 billion and a price-to-earnings ratio of 13.55. The company has a debt-to-equity ratio of 142.72, a current ratio of 0.18 and a quick ratio of 0.16. Inter Pipeline has a 12-month low of C$18.60 and a 12-month high of C$25.66.
In other Inter Pipeline news, Senior Officer Jeremy Allan Roberge acquired 3,600 shares of Inter Pipeline stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of C$20.82 per share, with a total value of C$74,952.00. Following the completion of the transaction, the insider now owns 16,700 shares of the company’s stock, valued at C$347,694.
Inter Pipeline Company Profile
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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