Inter Pipeline (TSE:IPL) had its price target decreased by AltaCorp Capital from C$26.50 to C$26.00 in a report released on Monday, BayStreet.CA reports.
A number of other brokerages also recently issued reports on IPL. CIBC downgraded Inter Pipeline from an outperform rating to a neutral rating and lowered their price objective for the stock from C$24.00 to C$22.00 in a research report on Friday, November 8th. Royal Bank of Canada lowered their price objective on Inter Pipeline from C$25.00 to C$24.00 and set a sector perform rating for the company in a research report on Monday. BMO Capital Markets raised their price objective on Inter Pipeline from C$23.00 to C$24.00 in a research report on Monday, September 9th. National Bank Financial downgraded Inter Pipeline from an outperform rating to a sector perform rating and lowered their price objective for the stock from C$27.00 to C$26.00 in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price objective on Inter Pipeline from C$23.00 to C$25.00 in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of C$24.90.
Shares of IPL opened at C$21.78 on Monday. Inter Pipeline has a 1 year low of C$18.60 and a 1 year high of C$25.42. The company has a debt-to-equity ratio of 153.30, a current ratio of 0.18 and a quick ratio of 0.15. The company has a market capitalization of $8.97 billion and a price-to-earnings ratio of 12.98. The business has a 50-day moving average of C$22.32 and a 200-day moving average of C$22.26.
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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