Inter Pipeline Ltd (TSE:IPL) Receives Consensus Rating of “Hold” from Brokerages

Inter Pipeline Ltd (TSE:IPL) has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$30.89.

Separately, CIBC reduced their price target on shares of Inter Pipeline from C$32.00 to C$31.00 in a research report on Monday, July 24th.

In related news, insider Cory Wade Neufeld bought 2,300 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average price of C$25.61 per share, with a total value of C$58,903.00.

Inter Pipeline (TSE IPL) traded down 2.39% during trading on Monday, reaching $23.27. The company’s stock had a trading volume of 384,931 shares. The stock has a market cap of $8.65 billion and a price-to-earnings ratio of 16.56. Inter Pipeline has a 52-week low of $23.10 and a 52-week high of $30.07. The firm has a 50 day moving average price of $24.90 and a 200-day moving average price of $27.05.

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 15th will be given a $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Wednesday, July 19th.

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About Inter Pipeline

Inter Pipeline Ltd. engages in the petroleum transportation, natural gas liquids processing, and bulk liquid storage 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.

Analyst Recommendations for Inter Pipeline (TSE:IPL)

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