Raymond James Financial, Inc. Increases Inter Pipeline Ltd (IPL) Price Target to C$28.00

Inter Pipeline Ltd (TSE:IPL) had its price objective boosted by investment analysts at Raymond James Financial, Inc. from C$26.00 to C$28.00 in a research report issued on Monday. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s price objective would indicate a potential upside of 5.94% from the company’s current price.

Other research analysts have also issued research reports about the stock. National Bank Financial dropped their price target on shares of Inter Pipeline from C$32.00 to C$31.00 and set a “sector perform” rating for the company in a research report on Thursday, August 17th. CIBC dropped their price target on shares of Inter Pipeline from C$31.00 to C$30.00 in a research report on Monday. Royal Bank Of Canada dropped their price target on shares of Inter Pipeline from C$32.00 to C$30.00 and set an “outperform” rating for the company in a research report on Monday, August 14th. GMP Securities increased their price target on shares of Inter Pipeline from C$29.00 to C$29.50 in a research report on Monday. Finally, BMO Capital Markets dropped their price target on shares of Inter Pipeline from C$29.00 to C$27.00 in a research report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Inter Pipeline currently has a consensus rating of “Buy” and an average target price of C$29.72.

Inter Pipeline (IPL) opened at C$26.43 on Monday. Inter Pipeline has a 52-week low of C$22.14 and a 52-week high of C$30.07.

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In other news, insider James Joseph Madro acquired 2,200 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were purchased at an average cost of C$22.49 per share, with a total value of C$49,478.00.

About Inter Pipeline

Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe.

Analyst Recommendations for Inter Pipeline (TSE:IPL)

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