Royal Bank of Canada Cuts Inter Pipeline (OTCMKTS:IFCZF) Price Target to $151.00

Inter Pipeline (OTCMKTS:IFCZF) had its price objective cut by Royal Bank of Canada from $155.00 to $151.00 in a research note issued to investors on Thursday, The Fly reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also weighed in on the company. TD Securities boosted their target price on Inter Pipeline from $130.00 to $150.00 and gave the stock a buy rating in a research report on Wednesday, May 6th. CIBC upped their price target on shares of Inter Pipeline from $130.00 to $140.00 and gave the company a neutral rating in a research report on Monday, April 20th. They noted that the move was a valuation call. Finally, Scotiabank upped their price target on shares of Inter Pipeline from $150.00 to $151.00 and gave the company an outperform rating in a research report on Monday, June 29th.

Shares of OTCMKTS:IFCZF opened at $96.88 on Thursday. Inter Pipeline has a fifty-two week low of $74.23 and a fifty-two week high of $117.51. The business has a 50-day simple moving average of $95.77 and a two-hundred day simple moving average of $100.39.

About Inter Pipeline

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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The Fly

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