Brookfield Infrastructure Partners (BIP.UN) Sets New 52-Week High at $58.60

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) shares reached a new 52-week high on Wednesday . The stock traded as high as C$58.60 and last traded at C$58.45, with a volume of 291591 shares trading hands. The stock had previously closed at C$55.99.

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of Brookfield Infrastructure Partners from C$52.00 to C$55.00 in a research note on Friday, September 29th. National Bank Financial increased their price target on shares of Brookfield Infrastructure Partners to C$61.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. Royal Bank of Canada increased their price target on shares of Brookfield Infrastructure Partners to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. Finally, Scotiabank increased their price target on shares of Brookfield Infrastructure Partners to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Brookfield Infrastructure Partners has an average rating of “Buy” and an average price target of C$53.88.

The stock has a market cap of $15,480.00, a P/E ratio of 170.15 and a beta of 0.67.

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About Brookfield Infrastructure Partners

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. The utilities segment consists of regulated businesses, including regulated distribution (electricity and natural gas connections), electricity transmission and a regulated terminal (coal export terminal).

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