Brookfield Infrastructure Partners (TSE:BIP.UN) PT Lowered to C$45.00

Posted by on Aug 6th, 2023

Brookfield Infrastructure Partners (TSE:BIP.UN – Get Free Report) (NYSE:BIP) had its target price dropped by stock analysts at Royal Bank of Canada from C$47.00 to C$45.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 2.51% from the stock’s current price.

Brookfield Infrastructure Partners Stock Up 3.3 %

Shares of BIP.UN opened at C$43.90 on Friday. The stock has a 50 day moving average price of C$47.48 and a 200 day moving average price of C$46.88. Brookfield Infrastructure Partners has a one year low of C$40.84 and a one year high of C$56.79. The company has a debt-to-equity ratio of 135.41, a quick ratio of 0.45 and a current ratio of 0.70. The stock has a market capitalization of C$20.13 billion, a price-to-earnings ratio of 439.00, a PEG ratio of -2.12 and a beta of 0.88.

About Brookfield Infrastructure Partners

(Get Free Report)

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.

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