Wells Fargo & Company assumed coverage on shares of Inter Pipeline (OTCMKTS:IPPLF) in a research report report published on Monday morning, The Fly reports. The brokerage issued an equal weight rating on the stock.
Several other analysts also recently weighed in on IPPLF. TD Securities upped their price target on Inter Pipeline from $13.00 to $15.00 and gave the stock a hold rating in a research note on Monday, August 10th. Raymond James upped their price target on Inter Pipeline from $12.00 to $13.00 and gave the stock a market perform rating in a research note on Tuesday, September 29th. Royal Bank of Canada upped their price target on Inter Pipeline from $13.00 to $15.00 and gave the stock a sector perform rating in a research note on Monday, August 10th. BMO Capital Markets upped their price target on Inter Pipeline from $10.00 to $12.00 and gave the stock a market perform rating in a research note on Friday, August 7th. Finally, Canaccord Genuity cut their price target on Inter Pipeline from $16.00 to $14.00 and set a hold rating on the stock in a research note on Thursday, October 22nd. Fourteen analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Inter Pipeline currently has a consensus rating of Hold and a consensus price target of $14.68.
Inter Pipeline stock opened at $8.60 on Monday. The stock’s 50 day moving average is $9.92 and its 200 day moving average is $9.38. Inter Pipeline has a twelve month low of $3.73 and a twelve month high of $17.51.
Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing 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.
Further Reading: What is a dead cat bounce?
Receive News & Ratings for Inter Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.