Inter Pipeline Ltd. (OTCMKTS:PPRQF) has received an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $13.71.
PPRQF has been the subject of several analyst reports. Scotiabank decreased their price objective on shares of Inter Pipeline from $14.75 to $12.50 and set a “sector perform” rating for the company in a research note on Monday, April 27th. Canaccord Genuity upgraded shares of Inter Pipeline from a “hold” rating to a “buy” rating in a research note on Wednesday, July 22nd. Royal Bank of Canada reduced their target price on shares of Inter Pipeline from $14.00 to $13.50 and set a “sector perform” rating for the company in a research report on Wednesday, July 22nd. BMO Capital Markets reduced their target price on shares of Inter Pipeline from $13.75 to $13.00 and set a “market perform” rating for the company in a research report on Friday, April 24th. Finally, Desjardins raised shares of Inter Pipeline from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Friday, April 24th.
OTCMKTS:PPRQF opened at $9.45 on Friday. Inter Pipeline has a 52 week low of $7.59 and a 52 week high of $11.46. The company has a 50-day moving average price of $9.57.
About Inter Pipeline
Choice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high-quality portfolio comprising 724 properties totaling 65.6million square feet of gross leasable area. Choice Properties owns a portfolio comprised of retail properties predominantly leased to necessity-based tenants; industrial, office and residential assets concentrated in attractive markets; and offers an impressive and substantial development pipeline.
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