Brookfield Infrastructure Partners (TSE:BIP.UN) Price Target Raised to C$50.00

Brookfield Infrastructure Partners (TSE:BIP.UN) (NYSE:BIP) had its price target boosted by National Bank Financial from C$47.00 to C$50.00 in a report issued on Wednesday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

BIP.UN stock opened at C$56.31 on Wednesday. The firm’s 50 day moving average is C$56.63. Brookfield Infrastructure Partners has a 12-month low of C$44.04 and a 12-month high of C$57.95. The company has a debt-to-equity ratio of 110.98, a quick ratio of 1.01 and a current ratio of 1.10. The firm has a market cap of $15.75 billion and a P/E ratio of 473.19.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.

Further Reading: Liquidity

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