Brookfield Infrastructure Partners (NYSE:BIP) target price increased to $35.00, reported today by Citigroup
- Updated: September 19, 2016
Brookfield Infrastructure Partners (NYSE:BIP) had its estimated target price upped to $35 by Citigroup in an issued report announced 9/19/2016. The increased target price implies a potential upside of 0.05% from the bussiness’ previous stock close price.
Previously on 8/22/2016, Credit Suisse released a statement on Brookfield Infrastructure Partners(NYSE:BIP) raised the target price from $0.00 to $59.00 that indicated a possible upside of 0.21%.
Just yesterday Brookfield Infrastructure Partners (NYSE:BIP) traded 1.65% higher at $33.31. The company’s 50-day moving average is $36.00 and its 200-day average is $30.33. With the last stock price close up 9.73% from the 200-day average, compared with the S&P 500 which has fallen -0.01% over the date range. Trade volume was was down over the average, with 111,405 shares of BIP changing hands under the typical 213,595 shares..
See Graph Below:
With a market capitalization of $0.0, Brookfield Infrastructure Partners has a one-year low of $20.33 and a 52 week high of $49.89 with a PE ratio of 37.
Also covering Brookfield Infrastructure Partners’s price target, a total of 7 brokerages have issued a report on the company. The consensus target is $45.89 with two firms rating the stock a strong buy, five firms rating the stock a buy, one firm rating the stock a hold, 0 rating the company to underperform, and finally 0 firmsrating the company as sell.
About Brookfield Infrastructure Partners (NYSE:BIP)
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. The Company’s segments include Utilities, Transport, Energy, Communications Infrastructure and Other. Its utilities segment consists of regulated terminal, which is a coal export terminal; electricity transmission, which consists of approximately 11, 100 kilometers of transmission lines in North and South America, and regulated distribution, which consists of approximately 2.6 million electricity and natural gas connections. Its transport segment consists of open access systems that provide transportation for freight, bulk commodities and passengers. Its energy segment consists of systems that provide energy transportation, and distribution and storage services. Its communications infrastructure segment provides services and infrastructure to the media broadcasting and telecom sectors.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.