Inter Pipeline Ltd. (OTCMKTS:IPPLF) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $19.63.
A number of analysts have issued reports on IPPLF shares. Scotiabank raised their target price on Inter Pipeline from C$18.00 to C$20.00 and gave the company a “sector perform” rating in a report on Thursday, September 9th. Royal Bank of Canada lifted their price objective on Inter Pipeline from C$19.45 to C$20.00 and gave the stock a “sector perform” rating in a report on Thursday, July 29th.
Shares of IPPLF stock traded up $0.23 during trading on Friday, reaching $15.47. The company had a trading volume of 2,100 shares, compared to its average volume of 11,523. The firm’s 50 day simple moving average is $15.67 and its two-hundred day simple moving average is $15.81. Inter Pipeline has a one year low of $8.95 and a one year high of $17.25.
Inter Pipeline Ltd. operates as a midstream oil and natural gas company. It engages in the provision of oil transportation, natural gas liquid processing, and bulk liquid storage services. The firm operates through the following segments: Transportation, Facilities Infrastructure, Marketing, and New Ventures.
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