Inter Pipeline Ltd (IPPLF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Inter Pipeline Ltd (OTCMKTS:IPPLF) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company.

A number of equities analysts have issued reports on IPPLF shares. Desjardins restated a “hold” rating on shares of Inter Pipeline in a research report on Wednesday, October 31st. National Bank Financial restated a “buy” rating on shares of Inter Pipeline in a research report on Thursday, November 1st. Macquarie started coverage on shares of Inter Pipeline in a research report on Tuesday, November 27th. They issued a “neutral” rating on the stock. BMO Capital Markets restated a “hold” rating on shares of Inter Pipeline in a research report on Tuesday, December 4th. Finally, Raymond James restated a “sell” rating on shares of Inter Pipeline in a research report on Thursday, December 13th.

OTCMKTS:IPPLF traded down $0.22 during trading hours on Monday, reaching $15.87. The company’s stock had a trading volume of 17,488 shares, compared to its average volume of 20,375. Inter Pipeline has a 1 year low of $13.66 and a 1 year high of $20.83.

Inter Pipeline Company Profile

Inter Pipeline Ltd. engages in the petroleum transportation, 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. The Oil Sands Transportation segment transports petroleum products, such as bitumen blend and diluent through Cold Lake, Corridor, and Polaris pipeline systems covering approximately 3,300 kilometers of pipeline and 3.8 million barrels of storage capacity.

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Analyst Recommendations for Inter Pipeline (OTCMKTS:IPPLF)

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