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.
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.
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