Inter Pipeline (TSE:IPL)‘s stock had its “underperform” rating restated by Raymond James in a research report issued on Tuesday, BayStreet.CA reports. They currently have a C$20.00 target price on the stock. Raymond James’ price objective points to a potential downside of 3.33% from the company’s previous close.
Several other equities analysts have also commented on IPL. CIBC lowered their price objective on shares of Inter Pipeline from C$30.00 to C$29.00 in a research report on Tuesday, January 15th. National Bank Financial lowered their price objective on shares of 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. lowered their price objective on shares of Inter Pipeline from C$28.00 to C$26.00 in a research report on Friday, February 1st. Cormark lowered their price objective on shares of Inter Pipeline from C$30.00 to C$27.00 in a research report on Tuesday, February 12th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Inter Pipeline in a research report on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$25.11.
Shares of TSE:IPL opened at C$20.69 on Tuesday. 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 fifty-two week low of C$18.60 and a fifty-two week high of C$25.66. The firm has a market cap of $8.39 billion and a P/E ratio of 13.56.
In other Inter Pipeline news, Senior Officer Jeremy Allan Roberge acquired 3,600 shares of the stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of C$20.82 per share, for a total transaction of C$74,952.00. Following the completion of the transaction, the insider now directly owns 16,700 shares of the company’s stock, valued at C$347,694.
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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