The stock of Inter Pipeline Ltd (TSE:IPL) is a huge mover today! About 182,349 shares traded hands. Inter Pipeline Ltd (TSE:IPL) has risen 1.72% since April 26, 2016 and is uptrending. It has underperformed by 3.50% the S&P500.
The move comes after 8 months positive chart setup for the $9.82 billion company. It was reported on Nov, 30 by Barchart.com. We have $28.99 PT which if reached, will make TSE:IPL worth $491.00 million more.
Inter Pipeline Ltd (TSE:IPL) Ratings Coverage
Out of 4 analysts covering Inter Pipeline Ltd. (TSE:IPL), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $36 is the highest target while $25 is the lowest. The $28.63 average target is 3.69% above today’s ($27.61) stock price. Inter Pipeline Ltd. has been the topic of 20 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by National Bank Canada on Friday, August 7. The firm has “Market Perform” rating given on Thursday, August 18 by BMO Capital Markets. The firm earned “Buy” rating on Friday, August 7 by TD Securities. BMO Capital Markets initiated the shares of IPL in a report on Thursday, February 4 with “Market Perform” rating. Raymond James maintained Inter Pipeline Ltd (TSE:IPL) rating on Monday, June 6. Raymond James has “” rating and $27.50 price target. On Friday, August 7 the stock rating was maintained by Scotia Capital with “Sector Perform”. The company was maintained on Friday, August 7 by Raymond James.
More notable recent Inter Pipeline Ltd (TSE:IPL) news were published by: Business.Financialpost.com which released: “Inter Pipeline Ltd upgraded following Williams deal” on August 18, 2016, also Bloomberg.com with their article: “Inter Pipeline Makes $1 Billion Bet on Rally in Williams Buy” published on August 08, 2016, Forbes.com published: “Ex-Div Reminder for Inter Pipeline (IPL)” on August 16, 2016. More interesting news about Inter Pipeline Ltd (TSE:IPL) were released by: Fool.ca and their article: “Dividend Investors: Is Altagas Ltd. or Inter Pipeline Ltd. a Better Pick Today?” published on November 21, 2016 as well as Fool.ca‘s news article titled: “Inter Pipeline Ltd: Is the 7% Yield Reliable?” with publication date: February 08, 2016.
Inter Pipeline Ltd. owns and operates energy infrastructure assets located in western Canada and Europe. The company has a market cap of $9.82 billion. Inter Pipeline operates in four divisions: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business. It has a 20.52 P/E ratio. The Company’s oil sands transportation business consists of the Corridor, Cold Lake and Polaris pipeline systems, which transport petroleum products and provide related blending and handling services in Alberta.
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