The Inter Pipeline Ltd (IPL) Price Target Increased to C$29.00 by Analysts at Raymond James Financial Inc.

The Inter Pipeline Ltd (IPL) Price Target Increased to C$29.00 by Analysts at Raymond James Financial Inc.

Inter Pipeline Ltd (TSE:IPL) had its target price upped by research analysts at Raymond James Financial Inc. from C$27.50 to C$29.00 in a research note issued on Wednesday, StockTargetPrices.com reports. Raymond James Financial Inc.’s price objective points to a potential upside of 3.06% from the stock’s current price.

IPL has been the subject of several other reports. National Bank Financial set a C$29.00 price target on Inter Pipeline and gave the stock a “sector perform” rating in a research report on Friday, August 19th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$28.00 target price on shares of Inter Pipeline in a research report on Thursday, August 18th. TD Securities lowered Inter Pipeline from a “buy” rating to a “hold” rating and upped their target price for the company from C$26.00 to C$27.00 in a research report on Friday, August 5th. Royal Bank Of Canada upped their target price on Inter Pipeline from C$28.00 to C$30.00 in a research report on Monday, August 8th. Finally, RBC Capital Markets upped their target price on Inter Pipeline from C$28.00 to C$30.00 in a research report on Friday, August 5th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Inter Pipeline has a consensus rating of “Hold” and an average price target of C$29.15.

Inter Pipeline (TSE:IPL) traded down 0.57% on Wednesday, hitting $27.98. The stock had a trading volume of 264,873 shares. The company has a market cap of $9.43 billion and a price-to-earnings ratio of 20.59. Inter Pipeline has a 52-week low of $18.43 and a 52-week high of $28.79. The company has a 50 day moving average price of $27.89 and a 200-day moving average price of $27.11.

The company also recently declared a monthly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, October 19th. This represents a $1.56 annualized dividend and a yield of 5.54%.

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